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TMCNet:  Okta Announces Q3 Customer Wins and Expanded Deployments

[December 06, 2017]

Okta Announces Q3 Customer Wins and Expanded Deployments

Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced that new Q3 FY2018 customers CBRE, City of Las Vegas, Nordstrom and State of Arizona have chosen the Okta Identity Cloud to securely connect their people and technology. In addition, the company announced expanded deployments with Caesars Entertainment, Eventbrite, Flight Centre, Groupon and Restoration Hardware.

"For years, we've said that every company has to become a technology company to survive and thrive in the new cloud and mobile world. Today, retailers are moving quickly to the cloud to compete with (News - Alert), cities are finding new ways to engage with citizens online, and hospitality leaders are utilizing technology to revolutionize the way they interact with guests. Organizations of all sizes and in every industry are either adopting or building new technologies to better connect their employees, partners, customers and constituents," said Todd McKinnon, Okta CEO and co-founder. "We're thrilled that industry-leading organizations like Nordstrom, City of Las Vegas and Caesars Entertainment chose the Okta Identity Cloud as the foundation from which to drive these initiatives forward, and we look forward to making them successful."

Organizations in every industry, all over the world are choosing Okta to help manage and secure their extended enterprise, and to transform their customers' experiences. In Q3, Okta grew its paying customer base to more than 3,950 organizations, including new or expanded deployments with Caesars Entertainment, CBRE, City of Las Vegas, Eventbrite, Flight Centre, Groupon, Nordstrom, Restoration Hardware and State of Arizona. Earlier this year, customers such as Benefit Cosmetics, Rent-A-Center, Rodan + Fields, Saks Fifth Avenue and Wyndham Worldwide also furthered their investments in Okta.

Okta's customer wins come amidst continued momentum for the company, including its recent Leader placement in The Forrester Wave™: Identity-As-A-Service, Q4 2017, global expansion with new offices in Toronto and Sydney, and a new Chief Security Officer and General Manager of EMEA. Okta continues to innovate, announcing product updates at Oktane17: unveiling enhancements to its Adaptive Multi-Factor Authentication and Universal Directory offerings and introducing expanded APIs, new developer product capabilities and a new Developer Edition for customer identity.

Customer Quotes

"One way we try and meet our customers' evolving needs is by adopting and utilizing innovative technologies, and equipping our team with the tools they need to be productive and effective. The Okta Identity Cloud will enable us to securely connect our team to some of those technologies, and ultimately help provide the best service to our customers," said Travis McElfresh, SVP of Technology at Nordstrom.

"Through our dining, entertainment and room offerings, Caesars Entertainment offers our customers a world-class experience," said Les Ottolenghi, Executive Vice President and Chief Information Officer at Caesars Entertainment. "Over the past year, we've continued our efforts to put the customer experience first by enhancing our customers' digital journey, investing in a cloud- and mobile-first strategy and transforming our casino floor and reservation systems. We view our investments in technology as another way for us to improve our customer-facing services. With Okta, we can easily adopt and secure the technology that we need to provide the best service in our industry."

About Okta

Okta is the leading independent provider of identity for the enterprise. The Okta Identity Cloud connects and protects employees of many of the world's largest enterprises. It also securely connects enterprises to their partners, suppliers and customers. With deep integrations to over 5,000 apps, the Okta Identity Cloud enables simple and secure access from any device. Thousands of customers, including Experian, 20th Century Fox, LinkedIn (News - Alert), Flex, News Corp, Dish Networks, and Adobe trust Okta to work faster, boost revenue and stay secure. Okta helps customers fulfill their missions faster by making it safe and easy to use the technologies they need to do their most significant work.

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