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SAN FRANCISCO, CA -- (Marketwired) -- 06/04/14 -- Leading analyst firm, Gartner Inc., has positioned Okta in the Leaders quadrant of its Magic Quadrant for Identity and Access Management as a Service (IDaaS), published by Gregg Kreizman on June 2. This news comes on the heels of Okta's best fiscal quarter in company history, in which it added more than 150 new customers to its Enterprise Identity Network.

"With the continued proliferation of cloud applications, increased mobile adoption, and the growing need for business-to-business collaboration, IDaaS has emerged as one of the largest and fastest growing segments of the identity market," said Eric Berg, Chief Product Officer at Okta. "As a pure multi-tenant cloud based offering, we're uniquely able to address this market in ways that legacy providers can't. Looking ahead, we not only see an opportunity for IDaaS to leapfrog on-prem providers in terms of market share, but we also see an incredible opportunity to expand the market with new solutions that can only be addressed with a cloud-based service like Okta."

In the last six months, Okta doubled its customer base to 1,000+, recently signing distinguished brands such as Tommy Bahama, Chiquita Brands, Noble Corporation and Seton Hall University. In the past year, Okta also doubled its headcount to over 350 employees and expanded operations to Europe.

"Our continued growth and momentum, along with Gartner's industry recognition, make this an exciting time for Okta," said Todd McKinnon, CEO of Okta. "When we founded Okta five years ago, we bet big on cloud and mobile -- knowing they would foster the need for a broader approach to identity; one that strives to securely connect every person, application, device and organization via a cloud-based solution. We feel that while we're still working towards that mission, our customers and leading industry experts agree with the direction in which we're headed."

For more information about the IDaaS Magic Quadrant, visit: https://www.okta.com/resources/okta-leader-gartner-magic-quadrant-idaas/

Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Okta

Okta is an enterprise-grade identity management service, built from the ground up in the cloud and designed to address the challenges of a cloud, mobile and interconnected business world. Okta integrates with existing directories and identity systems, as well as thousands of on-premises, cloud-based and mobile applications, to enable IT to securely manage access anywhere, anytime and from any device.

More than 1,000 enterprises, including Allergan, LinkedIn, MGM Resorts International and Western Union, use Okta to increase security and employee productivity, as well as lower IT costs and improve compliance. The hundreds of enterprises, thousands of cloud application vendors and millions of people using Okta today also form the foundation for the industry's first Enterprise Identity Network. Okta is backed by premier venture capital firms Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital. To learn more about Okta, visit: http://www.okta.com.

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