Live data from Hacker News

Okta to Acquire Auth0 for $6.5B

cnbc.com

41–50 of 326 posts

Re: Okta to Acquire Auth0 for $6.5B

#41

Earlier quoted context omitted.

> ...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.

How so? I'd argue they're far ahead of the competition in features.

Re: Okta to Acquire Auth0 for $6.5B

#42

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?

That's the same fear some people have about password managers...

IMO, the answer is simple: I would rather security be done by a company where security is THE feature. In other words, I trust 1Password's security team over, say, Hulu's or something.

Re: Okta to Acquire Auth0 for $6.5B

#44
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.

It might be better for these two to merge than for either (or both!) to be subsumed into those much larger firms. This is why FTC allowed Sirius and XM to merge: to keep them both out of the clutches of larger firms who would have seriously considered killing satellite radio altogether.

[EDIT:] Of course, this merger may just be a ploy to drive up the price of a future merger with one of the larger firms...

Re: Okta to Acquire Auth0 for $6.5B

#46

Earlier quoted context omitted.

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.

But use of S3, for example, is not limited much at all. It is very dominant.

Re: Okta to Acquire Auth0 for $6.5B

#47
post #21

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?

I recommend SuperTokens https://supertokens.io/

> All other providers require an OAuth implementation even if you do not need SSO because of the way they’ve architected their solution. With SuperTokens, we’ve decoupled the functionality for different use cases, making it possible to only worry about the features you need.

Eh? You’re either doing Oauth or you’re not? What have they decoupled?

Re: Okta to Acquire Auth0 for $6.5B

#48
post #3

More information on the ppt Auth0 200M ARR 50% Growth 120%+ Net Retention Rate https://investor.okta.com/static-files/83f1811e-2f92-4c08-a1... What a great acquisition. Congrats to both teams!

> What a great acquisition. Congrats to both teams! Great acquisition for those two, what about customers who always seem to lose when companies get acquired? The market now has less competition, people who were using Auth0 is eventually gonna have to modify their infrastructure because of this and things will become more unstable.

Bezos apparently said one that "Your margin is my opportunity".

If this merger increases future profitability of new Okta, then you can argue there is a newer genuine market opportunity in authentication.

The VC-backed industry is all about creating new opportunities (and by definition disrupting someone else's business), and recirculating investment money, improving our economy

Re: Okta to Acquire Auth0 for $6.5B

#49

Earlier quoted context omitted.

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.

I suspect that a breach of most companies AWS accounts would lead to a complete breach of that company.

Somewhere in the mountains of data stored in an AWS account and all it's associated EC2 instances and backups on S3 will be credentials or information to thoroughly breach all other systems.

Re: Okta to Acquire Auth0 for $6.5B

#50
I hope this gives rise to another, smaller viable party outside of Amazon, Google, and Microsoft. Perhaps I'm jaded, perhaps hopelessly biased - but I can only see this as a net negative.

Okta's open source packages receive a pitiful amount of attention (for example: https://github.com/okta/okta-oidc-js/issues?q=is%3Aissue+is%...) with forks almost becoming a requirement. Auth0 by contrast has been "on the ball" for a long time with their offerings. Okta's interfaces have been disjointed and inconsistent, confusing to users on a scale only surpassed by Jira, while Auth0's have always been pleasant to use from a user and developer perspective.

From a personnel perspective, the two companies couldn't be more different, with Auth0 embracing a remote-first-class culture with creative interview processes, and Okta (pre-covid) being very much the opposite. I interviewed with both, and the process at Auth0 had me walk away with respect, while contrasted with Okta that left me reminded that tech hiring is broken.

I'll hold my breath for a short time that Auth0 is allowed to operate independently. Sadly I feel it'll be inevitable that they're eventually swallowed up by the mothership.

Post reply on HN