Okta Business Summary

Okta, Inc. (OKTA) operates as a leading independent identity provider, utilizing a pure-play Software-as-a-Service (SaaS) model where subscription fees account for approximately 98% of total revenue. The company’s operations are bifurcated into two primary segments: the Workforce Identity Cloud, which secures employee access to enterprise resources, and the Customer Identity Cloud (powered by Auth0), which enables developers to embed secure authentication into consumer applications. As of early 2026, Okta has aggressively expanded into AI-driven security with its "Okta AI" and "Auth0 for AI Agents" offerings, focusing on securing non-human identities and autonomous agents. In a competitive landscape dominated by hyperscalers and security giants like Microsoft (Entra ID), Ping Identity, Zscaler, and CrowdStrike, Okta maintains a premium market position by leveraging its vendor-neutrality and the Okta Integration Network (OIN), which supports over 7,000 pre-built integrations. Founded in 2009 by Salesforce alumni Todd McKinnon and J. Frederic Kerrest, Okta is led by McKinnon as CEO and Chairperson, while Kerrest serves as Executive Vice Chairman. The leadership team was significantly bolstered in February 2026 with the appointments of Pardha Reddy (formerly of Asurion and Medallia) as CTO of Okta Platform and Ely Kahn (founder of AWS Security Hub) as Chief Product Officer. Other key executives include CFO Brett Tighe, President of Products and Technology Ric Smith, and Chief Revenue Officer Jon Addison. The company’s strategic direction is guided by a high-pedigree Board of Directors, which recently added Rob Bernshteyn (General Partner at ICONIQ Capital and former Coupa CEO) and Paul Sagan (Catalyst Advisor at General Catalyst and former Akamai CEO). Notable board members also include Emilie Choi (COO of Coinbase) and Jeff Epstein (former CFO of Oracle), reflecting a deep bench of expertise in SaaS scaling and cybersecurity governance.