Okta Closes Permiso Acquisition as AI Identity Security Demand Grows
Summary
Okta reported 11% revenue growth for its fiscal second quarter and raised its fiscal 2027 outlook. It also said its Permiso Security acquisition had closed, extending identity threat detection capabilities as it expands security offerings for AI agents.
Key points
- Okta reported fiscal second-quarter revenue of $805 million, up 11% year over year, and raised its fiscal 2027 revenue outlook to $3.216 billion–$3.226 billion.
- The company said its acquisition of Permiso Security had closed, expanding its identity threat detection and response capabilities.
- Permiso's cloud-native platform detects and mitigates threats involving human, non-human, and agentic identities across multi-cloud environments.
- Okta plans to combine Permiso's runtime detection and identity posture management capabilities with its identity security platform.
- Okta says its AI-agent products help organizations discover agents, secure connections, govern permissions and actions, and respond to suspicious activity.
Article Details
- Event Type
- Okta reported stronger-than-expected fiscal second-quarter results, raised its fiscal 2027 revenue outlook, and completed its acquisition of Permiso Security.
- Impact
- Okta said the acquisition expands its identity threat detection and response capabilities. It plans to combine Permiso’s runtime detection and identity posture management with its identity security platform; Permiso’s P0 Labs threat research team will join Okta’s research operation. Okta is also expanding products designed to secure AI agents.
People
Vendors
OktaShares of Okta (NASDAQ: OKTA) are surging after reporting stronger-than-expected second-quarter financial results and raised its outlook for the full fiscal year, with artificial intelligence (AI) emerging as anPermiso SecurityThe company is also expanding its identity threat detection capabilities through its acquisition of Permiso Security.
Products
Auth0 for AI AgentsOkta offers products including Okta for AI Agents and Auth0 for AI Agents, designed to help organizations discover agents, secure their connections, govern their permissions and respond to suspicious activity.Okta for AI AgentsOkta offers products including Okta for AI Agents and Auth0 for AI Agents, designed to help organizations discover agents, secure their connections, govern their permissions and respond to suspicious activity.