Okta Inc. Stock

Description Okta

Okta is a cloud-based identity management company that provides a platform for businesses to securely manage their users and applications. The company's software allows companies to manage user authentication, access control, and identity management across cloud, web, and mobile applications. Okta was founded in 2009 and is headquartered in San Francisco, California. The company went public in 2017 and is listed on the NASDAQ exchange under the symbol Okta. As of 2021, Okta had a market cap of over $32 billion and is considered one of the leading companies in the identity and access management industry.

Competitors of Okta

Okta provides identity verification and access control solutions for businesses. It competes with various companies in the identity and access management market. Some of the most significant competitors of Okta are:

1. Microsoft Corporation (MSFT) - Microsoft is a leading technology company that offers a wide range of software products, including identity and access management solutions. The company’s Azure Active Directory and Active Directory Federation Services are among the most commonly used identity solutions for businesses.

2. SailPoint Technologies Holdings, Inc. (SAIL) - SailPoint is a market leader in identity governance solutions. Its IdentityIQ platform automates the identity management process, making it easy for businesses to manage user access, passwords, and compliance requirements.

3. Ping Identity Holding Corp. (PING) - Ping Identity offers advanced identity and access management solutions that are designed to safeguard customer and employee credentials. It offers a range of products such as PingFederate, which allows businesses to manage access to cloud and on-premises applications.

4. Broadcom Inc. (AVGO) - Broadcom is a leading technology company that offers a range of cybersecurity solutions, including identity and access management. Its Symantec Identity Suite offers businesses the ability to protect user credentials and manage access across their infrastructure.

5. Cisco Systems, Inc. (CSCO) - Cisco is a leading provider of networking and security technology solutions. Its identity and access management solutions include Cisco Identity Services Engine and Cisco Secure Access Control System, which help businesses secure their networks and manage user access to applications and resources.

Suppliers of Okta

Okta is a software company that provides identity and access management solutions. As such, its most important suppliers are likely to be other technology companies that provide components or services necessary for Okta's operations. However, as a public company, Okta does not typically disclose information about its specific suppliers.

It is possible to gain some insights into Okta's suppliers by looking at its financial statements and other public disclosures. For example, Okta's annual report mentions that the company relies on various third-party cloud providers, such as Amazon Web Services (AWS), Google Cloud Platform, and Microsoft Azure, to deliver its services. These cloud providers are likely key suppliers for Okta, as they provide the infrastructure necessary for Okta's platform to function.

Okta may also rely on other technology vendors for various components, such as software licenses or hardware. However, without specific disclosures from the company or additional research, it is difficult to say with certainty who Okta's most important suppliers may be.