Okta acquires Argentine unicorn

Okta acquires Argentine unicorn

M&A Latin America South America Argentina United States Technology

Okta, a US-based provider of identity authentication software, said it has acquired the Argentine startup Auth0 in a $6.5 billion stock deal, as it seeks to accelerate its growth in what it estimates to be an $80 billion market for identity authentication. The San Francisco-based company said it will incorporate Buenos Aires-based Auth0 as a unit to expand its range of services, which help companies identify users on their apps and websites. Auth0 CEO and co-founder Eugenio Pace will report dire

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