Identity and access management provider Okta have acquired cloud firm Azuqua to connect business applications for enterprises. With this USD 52.5 million acquisition, Okta aim to automate workflows for companies leveraging the cloud in order to boost their day-to-day business operations.
According to Okta, cloud-native enterprises are looking to minimize their effort when it comes to identity and access management. They say that this approach helps them focus on other activities that are dedicated towards making a profit for the enterprise.
As business applications gain prominence, Okta believe that it becomes necessary to integrate them with identity management services in a bid to maintain workflows. Hence, in order to streamline these services with cloud environments, Okta
With this acquisition, Okta say that they will be able to leverage Azuqua’s pre-built and maintained connectors that can be easily integrated with their access management services. They say that this integration will further facilitate a smooth transition to business applications.
Azuqua claim that product teams constantly need to be in sync with their team members and need access to the same environment where the product is built. With this deal, they believe that product teams will be able to not only increase the pace of production but also scale their infrastructure without losing business days.
Market watchers opine that this acquisition will also open the door for cloud and container application firms. It will be interesting to see how this deal helps cloud-native enterprises in the future, following SailPoint’s partnership with Rackspace for cloud identity governance.