Okta, a leading provider of identity authentication systems, has announced its acquisition of Spera Security, a platform developer specializing in identity threat detection and response (ITDR). The value of the deal has not been disclosed, but TechCrunch estimates it to be around $100-130 million.
With the increasing use of SaaS and cloud-based applications, organizations are becoming more vulnerable to direct attacks. Therefore, Okta recognizes the need for better tools to detect abnormalities and vulnerabilities in their operations. Spera will enhance the ITDR capabilities, providing a safer environment for customers.
Spera currently has a team of 25 employees and has previously received approximately $10 million in investments from YL Ventures. Notably, it has attracted investments from industry giants such as Google, Palo Alto Networks, Akamai, and Zendesk.
TLDR: Okta, a renowned identity authentication provider, has acquired Spera Security, a platform developer specializing in identity threat detection and response (ITDR). This strategic move aims to strengthen Okta’s ITDR capabilities and offer enhanced security to its customers. Spera, with its team of 25 employees and significant investments from notable companies, brings valuable expertise to the table.
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