- Okta announces the acquisition of AI security startup Permiso for about $200 million.
- The acquisition is valued at just under $200 million and is structured as an almost all-cash deal.
- A spokesperson for Okta did not dispute the $200 million figure when asked for comment about the deal.
- The deal is expected to close in the third quarter of fiscal 2027, subject to customary closing conditions.
- Permiso develops software that helps security teams spot suspicious activity in cloud environments after users or applications have been granted access.
- Co-founded by former FireEye executives Paul Nguyen and Jason Martin, Permiso specializes in detecting attacks that use stolen or compromised identities.
- In April, Permiso launched a platform designed to analyze AI agent skills in a sandboxed environment to identify malicious behavior.
- Okta's chief product officer Ely Kahn stated that Permiso will extend Okta's identity security fabric with proven identity threat detection and response capabilities.
Okta's acquisition of Permiso, valued at nearly $200 million, marks a strategic move to enhance its identity security offerings. The deal, primarily cash-based, is set to close in the third quarter of fiscal 2027, pending customary conditions.1234569
Permiso, co-founded by former FireEye executives Paul Nguyen and Jason Martin, specializes in identifying suspicious activities in cloud environments, particularly those involving compromised identities.7
"Permiso will extend Okta's identity security fabric with proven identity threat detection and response capabilities," said Okta's chief product officer Ely Kahn. This acquisition aims to strengthen Okta's existing security framework and improve its ability to detect and prevent identity-related threats.
The integration of Permiso's technology is expected to provide Okta with advanced threat research and a dedicated security team, enhancing its overall security posture in an increasingly complex digital landscape.
As organizations continue to face rising threats from identity theft and cyberattacks, Okta's investment in Permiso underscores its commitment to providing robust security solutions for its clients.
“The acquisition is structured as an almost all-cash deal, with Okta's CEO Todd McKinnon confirming the $200 million figure. Permiso, co-founded by former FireEye executives, specializes in detecting identity-based attacks in cloud environments, which aligns with Okta's strategy to bolster its identity security offerings.”
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