Okta to Acquire Auth0 for $6.5B • Hacker News Board

Re: Okta to Acquire Auth0 for $6.5B

#31

Post by tanseydavid » Wed, Mar 03, 2021, 9:55 PM UTC

ignoramous wrote: post #24

sytringy05 wrote: post #14

Wow, I wonder if this will create some space for a new competitor? I mean apart from these 2, who else are a serious option for rock solid SaaS IdP?

> ...who else are a serious option for rock solid SaaS IdP? Google Cloud (Firebase Auth), AWS (Cognito), and Azure (Active Directory) are as rock-solid as they come. FusionAuth.io, userbase.com, and clerk.dev come to mind as well.

Azure Active Directory leaves much to be desired.

If it was not a MS product it would struggle to attract a market.

Re: Okta to Acquire Auth0 for $6.5B

#32

Post by JMTQp8lwXL » Wed, Mar 03, 2021, 9:56 PM UTC

invokestatic wrote: post #30

There's something about Okta that just scares me. If Okta is ever compromised, so are the thousands of companies that rely on it for IdP. How do companies mitigate this risk? Or do they?

What if AWS was compromised and every DynamoDB instance was accessible?

Re: Okta to Acquire Auth0 for $6.5B

#33

Post by femto113 » Wed, Mar 03, 2021, 9:56 PM UTC

namdnay wrote: post #19

tootie wrote: post #6

Wow. These guys were basically 1 and 2 when it comes to enterprise auth/CIAM. It's great news for the businesses, but will likely only decrease competition in the marketplace. There's a ton of second tier competitors out there with plausible offerings who are probably going to start consolidating to stay alive.

Wouldn’t 1 be Microsoft?

Amazon/AWS and Google are big in the identity space too, so I think it makes sense that there's only room one real "third party" option.

Re: Okta to Acquire Auth0 for $6.5B

#34

Post by missedthecue » Wed, Mar 03, 2021, 9:58 PM UTC

fumar wrote: post #20

Okta stock dropped 12% in after hours. I see the acquisition as a positive business decision.

Dropped because OKTA will issue an additional 21% of their outstanding stock to make the purchase, diluting existing shareholders

Re: Okta to Acquire Auth0 for $6.5B

#35

Post by invokestatic » Wed, Mar 03, 2021, 10:02 PM UTC

JMTQp8lwXL wrote: post #32

invokestatic wrote: post #30

There's something about Okta that just scares me. If Okta is ever compromised, so are the thousands of companies that rely on it for IdP. How do companies mitigate this risk? Or do they?

What if AWS was compromised and every DynamoDB instance was accessible?

I think the difference is that the scope of DynamoDB is limited. A breach in authentication could result in the complete compromise of a company.

Re: Okta to Acquire Auth0 for $6.5B

#36

Post by tootie » Wed, Mar 03, 2021, 10:02 PM UTC

namdnay wrote: post #19

tootie wrote: post #6

Wow. These guys were basically 1 and 2 when it comes to enterprise auth/CIAM. It's great news for the businesses, but will likely only decrease competition in the marketplace. There's a ton of second tier competitors out there with plausible offerings who are probably going to start consolidating to stay alive.

Wouldn’t 1 be Microsoft?

They're not really doing the same thing but you're probably correct that most customers are just relying on AD. I can easily imagine MS beefing up their identity offering to be more on par with Okta.

Re: Okta to Acquire Auth0 for $6.5B

#37

Post by marton78 » Wed, Mar 03, 2021, 10:02 PM UTC

sytringy05 wrote: post #14

Wow, I wonder if this will create some space for a new competitor? I mean apart from these 2, who else are a serious option for rock solid SaaS IdP?

ory.sh

Re: Okta to Acquire Auth0 for $6.5B

#38

Post by ericlewis » Wed, Mar 03, 2021, 10:02 PM UTC

astuyvenberg wrote: post #15

Congrats to the Auth0 team! Their product solves a really tricky, undifferentiated problem that I'm glad I don't have to solve anymore.

I've used this a lot and it is stupidly expensive typically - hopefully this acquisition makes it more pervasive because they do a seriously great job at what they do!

Re: Okta to Acquire Auth0 for $6.5B

#39

Post by techrat » Wed, Mar 03, 2021, 10:03 PM UTC

scrollaway wrote: post #27

ramraj07 wrote: post #25

Earlier quoted context omitted.

Honestly as auth0 users we were mulling moving over to okta anyway. Auth0s offering has always been slightly rough around the edges and we end up slightly suboptimal implementations because of that.

If that were the case, Okta would not have acquired Auth0.

Acquisitions don't happen exclusively because a company is buying out someone who is better than them.

Sometimes they happen so a company can buy out someone so they won't have the chance to become better than them and a serious competitor.

Re: Okta to Acquire Auth0 for $6.5B

#40

Post by tootie » Wed, Mar 03, 2021, 10:04 PM UTC

femto113 wrote: post #33

namdnay wrote: post #19

Earlier quoted context omitted.

Wouldn’t 1 be Microsoft?

Amazon/AWS and Google are big in the identity space too, so I think it makes sense that there's only room one real "third party" option.

Cognito and Firebase are bush league by comparison. They can do the basics well enough if you have the right integration engineers. Okta and Auth0 are light years ahead.