binarypublish
Key Points:
- Okta, an American identity and access management company, is acquiring Israeli cybersecurity company Spera for over $100 million.
- Spera has developed a solution for identity attack surface management, risk reduction, and identity threat prevention and response.
- The acquisition marks Okta’s first purchase in Israel and will help establish a research and development center in the country.
Okta, an American identity and access management giant, is acquiring Israeli cybersecurity startup Spera for an estimated $100-130 million. This marks Okta’s first acquisition in Israel and will help establish its presence in the country. Spera, which recently raised $10 million in seed funding, has developed a solution for end-to-end identity attack surface management, risk reduction, and identity threat prevention, detection, and response.
Both Okta and Spera operate in the identity and access management market, which is a prominent sector in the security landscape, particularly amidst recent identity theft hacks. Spera’s platform creates a real-time, continuously updated inventory of identities and access across cloud and on-prem environments, providing security teams with granular insights for mitigating and preventing identity-driven attacks.
Okta, founded in 2009 and headquartered in San Francisco, recorded revenues of about $1.8 billion in the last year. With approximately 6000 employees, the acquisition of Spera will further strengthen Okta’s position in the identity and access management market.
Spera, founded by cybersecurity veterans Dor Fledel and Ariel Kadyshevitch, will provide the foundation for Okta’s research and development center in Israel. The company currently employs 25 people, and their expertise will contribute to the development and enhancement of Okta’s cybersecurity solutions.
The acquisition of Spera by Okta demonstrates the increasing importance of identity and access management in protecting against cyber threats and identity-driven attacks. By integrating Spera’s technology into its existing solutions, Okta aims to provide enhanced security measures for its customers and further expand its market presence.
