Okta acquired Axiom Security Ltd for $54 million, a transaction completed in September 2025, structured as All-cash.
Axiom Security Ltd operates in Identity security (privileged access management). Okta acquired all of the outstanding equity of Axiom Security Ltd, a privately held company specializing in privileged access management (PAM) solutions. The acquisition date fair value of purchase consideration was $54 million, paid entirely in cash. Okta recorded $16 million of developed technology intangible assets and $40 million of goodwill.
The acquisition is expected to broaden Okta's privileged access management capabilities and integrate Axiom's technology with Okta's platform.
On September 4, 2025, the Company acquired all of the outstanding equity of Axiom Security Ltd, a privately held company specializing in privileged access management solutions. The acquisition of Axiom is expected to broaden the Company's privileged access management capabilities. The acquisition date fair value of purchase consideration of $54 million was paid in cash.Okta, Inc. Form 10-K for fiscal year ended January 31, 2026, Note 16 - Business Combinations
Advisory firms were not disclosed for this transaction.