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Okta to Acquire Auth0 for $6.5B

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Re: Okta to Acquire Auth0 for $6.5B

#301

Earlier quoted context omitted.

I used to work on the Okta team that made those libraries. We were a tiny team with not nearly enough people. As far as I could tell, Okta is a sales company. The salespeople got the fancy events, the high floors with nice views, all the budget. On my orientation day it was almost entirely sales people and only one other engineer. Also the pay was laughable compared to any of the other jobs I’ve had before or since.…

What's sadder for our society as a whole is that, despite this comment and the GP comment, this is happening, and will be allowed to happen by regulators who won't give this a second glance. And this sort of multi-billion-dollar absorption of a "better" company by a "worse" company is almost a weekly story. Tech started out as a meritocracy, and a lot of us still operate personally in a meritocratic bubble, but, gene…

Been through this on a tiny scale. I won’t mention the company but basically I believe it was acquired as a short term cash cow to finance the mother company that needed cash, with the acquisition being financed by going public.

In the short term they could raise prices and fire developers and keep the MRR coming in to feed the main business. This was a while ago when competitors were knocking out impressive web based solutions and they still had a desktop app (this is in an area where a web based solution made a lot of sense)

Re: Okta to Acquire Auth0 for $6.5B

#302

I hate this. We moved from Okta a few years ago after we were basically received almost no actual real support for a bunch of issues, even though we were paying a premium cost. Nobody cares about issues on their Github, the kicker was a when we received a support response as suddenly something was no longer working after an update, we got help in the form of "We have no plans to address this anytime soon." when askin…

I've never dealt with Okta support but my support issue with Auth0 was top notch. However, their 'Rules' system for hooking into the Auth request is abstracted at the Auth0 account level rather than the individual app level. That makes it too easy to accidentally screw up all of the apps on an account.

I like the product but the extension points confuse me. Rules, Hooks and Actions are all more or less the same thing? I never know which one I want. What's difference between a flow and a pipeline? You definitely can't guess from the terms.

Re: Okta to Acquire Auth0 for $6.5B

#303

Really not a fan of this. Okta as a business are a pain to deal with, and unless you meet their minimum spend requirements (which are not told to you up-front) you're screwed. I've rolled out a ton of commercial products where we started with 1-2 users or a few units of compute, and on the basic little/no support options. When those products succeed, and we can demonstrate that not only does it meet our needs on pape…

I've seen the "we cant take credit cards and just start charging" fight play out on the other end. The reason was that the sales teams objected to their commissions being bypassed, so everything had to funnel through the sales pipeline.

Funny so they’d rather lose business than sales commissions.

Re: Okta to Acquire Auth0 for $6.5B

#304
If anyone is looking for an alternative on the opposite end of the scale from enterprise, to add login to an MVP in a few days, I have been collecting newer services that go beyond passwords and Sign in with Google:

Feather: https://feather.id

Magic: https://magic.link

Cotter: https://www.cotter.app

Re: Okta to Acquire Auth0 for $6.5B

#305
post #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…

I was thinking very seriously about starting this company. There were some details I could never work out, and then Covid hit, so I didn't pursue it. My thoughts are: 1) One login per day per person is the maximum number of times I would ever consider asking for authentication. This is where OAuth fails; you visit an app that wants you to authenticate, but you don't get automatically logged in. You have to click at l…

> There is no standard, really, for identity aware proxies, and therefore no way for an app to recognize a standard token.

How crazy is using the HTTP REMOTE_USER header for this?

Re: Okta to Acquire Auth0 for $6.5B

#306

Oh man. Was planning on using Auth0. Never heard of Okta, but reading the comments in here has confirmed my suspicion of the company's core value. Now I'm having doubts.

Okta is an awesome company, there will always be doubters, do your own research, and don't trust anonymous chats on some internet forums, including myself.

Re: Okta to Acquire Auth0 for $6.5B

#308
post #213
post #151

Earlier quoted context omitted.

Ping and Sailfish are big companies too.

Sorry, this should be Sailpoint of course. Okta, 2020 Revenue: $586M Sailpoint, 2020 Revenue: $355M Ping: 2020 Revenue: $224M Auth0, 2020 Revenue: $200M There's also Oracle ID Manager, some IBM thing etc - a bunch of other large vendors.

I think you quoted the wrong number for Okta's revenue. The first hit on Google said:

> Okta revenue for the twelve months ending October 31, 2020 was $768M, a 43.77% increase year-over-year. Okta annual revenue for 2020 was $586M, a 46.79% increase from 2019.

Re: Okta to Acquire Auth0 for $6.5B

#309

Tragic. All Auth options are horrible and overpriced. From a presentation I did for a client a year ago for only 10,000 users: Off-the-shelf auth cost comparison • Okta: $20,000 / month • Auth0: $1,500+ / month • These are barebones services - any customization would cost extra • There is still a large implementation code when using these services Auth0 was worth using for midsize companies sometimes. Okta is not.

That doesn't seem to match the pricing on https://www.okta.com/pricing . It's more like $200/mo for the Developer tier, $3,500/mo for the Enterprise tier.

Re: Okta to Acquire Auth0 for $6.5B

#310
post #213

Earlier quoted context omitted.

Sorry, this should be Sailpoint of course. Okta, 2020 Revenue: $586M Sailpoint, 2020 Revenue: $355M Ping: 2020 Revenue: $224M Auth0, 2020 Revenue: $200M There's also Oracle ID Manager, some IBM thing etc - a bunch of other large vendors.

I think you quoted the wrong number for Okta's revenue. The first hit on Google said: > Okta revenue for the twelve months ending October 31, 2020 was $768M, a 43.77% increase year-over-year. Okta annual revenue for 2020 was $586M, a 46.79% increase from 2019.

I was quoting 2020 financial year numbers. As per your quote: "Okta annual revenue for 2020 was $586M"
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