March 03, 2021
Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, has announced it has entered into a definitive agreement to acquire Auth0, a leading identity platform for application teams, in a stock transaction valued at approximately US$6.5 billion. Together, Okta and Auth0 address a broad set of identity use cases and the acquisition will accelerate the companies’ shared vision of enabling everyone to safely use any technology, shaping the future of identity on the internet.
Latham & Watkins LLP represents Okta, Inc. in the transaction with a corporate deal team led by Bay Area partners Tad Freese, Rick Kline, and Mark Bekheit, with Bay Area associates Brad Alvarez, Raul Gonzalez, Adam Zuckerman, and Melinda Vanderburg and London associate Zoe Liu and Hong Kong associate Takaki Sato. Advice was also provided on securities matters by Bay Area partner Sarah Axtell; on benefits and compensation matters by Bay Area partner James Metz, with Bay Area associate Erik Ward; on antitrust matters by Washington, D.C. partner Mandy Reeves and Bay Area partner Kelly Fayne, with Bay Area associate Tess Curet and Washington, D.C. associate Ehson Kashfipour; on tax matters by Bay Area partner Katharine Moir, with Bay Area associates Derek Berry and Jessica Chen; on technology transactions matters by Bay Area partner Anthony Klein and Bay Area counsel Arielle Singh, with Boston associate Deborah Hinck and Bay Area associates Rachel Horn and Erica Chae; on data privacy matters by Bay Area partner Michael Rubin and London partner Fiona Maclean, with Bay Area associate Max Mazzelli, London associate Catherine Hughes, and Boston associate Kiara Vaughn; and on compliance matters by Washington, D.C. partners Les Carnegie and Erin Brown Jones, with Washington, D.C. associates Andrew Galdes, Monica Trueba Neligan, and Julie Choi Shin.