Okta to acquire Permiso Security in reported $200M identity security deal
Okta Inc. said today it has signed a definitive agreement to acquire Permiso Security Inc., a startup whose software hunts for attackers abusing identities across cloud accounts, software-as-a-service applications and, more recently, artificial intelligence agents.
No price was announced. A person with knowledge of the deal put it at just under $200 million, nearly all cash, in a report by TechCrunch. An Okta spokesperson did not dispute the number. Closing is due before the end of October, within Okta’s fiscal third quarter. Guidance issued May 27 does not change.
Permiso dates to 2020 and sells out of Palo Alto, California. Founders Jason Martin and Paul Nguyen both came out of FireEye Inc., and the company started selling openly two years later. Its product watches identities while they work. It ingests activity from identity providers, cloud accounts, software-as-a-service applications and infrastructure-as-code tools, then flags behavior that does not match what a given account, key or agent normally does with its access. Okta put the detection breadth at more than 2,500 research-driven signals across over 70 identity partners.
