Okta Analysis
What is Okta?
Okta offers a comprehensive cloud-based identity and access management solution designed to secure user identities and manage access to applications and devices. Their platform enables businesses and developers to implement single sign-on (SSO), multi-factor authentication (MFA), and lifecycle management, ensuring that only authorized users can access sensitive information and applications. This helps organizations enhance security, improve user experience, and streamline access management across various platforms.
Pricing
Okta employs a subscription-based pricing model for its cyber security solutions. The pricing varies based on the type of service and the number of users. For example, B2C plans start at $35 per month for the essentials plan and $240 per month for the professional plan. B2B plans begin at $150 per month for the essentials plan and $800 per month for the professional plan. Additionally, there is an enterprise plan available with custom pricing. Okta also offers a free tier for developers with up to 7,500 monthly active users.
Investment Focus
Technology
Key Features
- Secure Everything, Everywhere: Comprehensive security across all applications and data.
- Centralized Integration: Tight integration of on-premises and cloud security solutions.
- Policy-Based Security: Automated threat mitigation through policy-based controls.
- Secure Authentication: Multi-factor authentication options, including passwordless and biometric authentication.
- Context-Based Authentication: Adjusts security measures based on user context and behavior.
- Risk-Based Authentication: Evaluates risk levels to determine authentication requirements.
- ThreatInsight: Provides insights into potential threats and vulnerabilities.
Compliance Standards
Okta adheres to several compliance standards, including:
- GDPR (General Data Protection Regulation)
- HIPAA (Health Insurance Portability and Accountability Act)
- PCI DSS (Payment Card Industry Data Security Standard)
- NIST (National Institute of Standards and Technology) guidelines, specifically NIST 800-63B.
Target Customers
- Government Agencies - Okta provides identity solutions tailored for federal and local government entities, helping them manage user access securely.
- Education - Educational institutions leverage Okta's identity management to enhance security for students and staff.
- Financial Services - Companies in the financial sector use Okta for secure identity management and compliance with regulatory requirements.
- Healthcare - Healthcare organizations utilize Okta to protect sensitive patient data and ensure secure access to medical records.
- Nonprofits - Okta offers special programs for nonprofit organizations, providing them with identity security solutions at discounted rates.
- Technology and IT Services - Many tech companies and IT service providers use Okta for its robust identity management capabilities.
