Okta rakes in $75 million to invest in enterprise identity management



Identity management company Okta took in $75 million in a series E financing round, bringing total funding to $155 million. Okta plans to use the cash to open a new office in Sydney, Australia and invest in its enterprise identity network platform.

In today’s world of cloud and SaaS deployment, it’s hard for a company to manage who has access to what in its internal network. While in the past a system administrator could set up a virtual private network (VPN) to prevent unwanted entry, an organization that now has its infrastructure spread over several cloud providers has a more difficult task to accurately monitor company access. Couple that with the fact that employees are now using mobile devices to gain entrance, and identity monitoring becomes much more of a pain.

Okta wants to remedy this with its cloud-based service that functions as an IT monitoring tool. After signing up…

View original post 248 more words


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s