American identity and access management company Okta is set to acquire Israeli cybersecurity firm Spera for an estimated $100-130 million, according to reports. The final purchase amount is contingent on meeting milestones and payments to Spera’s employees. This acquisition represents Okta’s first purchase of an Israeli company. Both Okta and Spera operate in the identity and access management market, a crucial sector in the security landscape. Spera has raised $10 million in a Seed funding round led by YL Ventures in March of the current year.

Spera, founded by cybersecurity veterans Dor Fledel (CEO) and Ariel Kadyshevitch (CTO), specializes in end-to-end identity attack surface management, risk reduction, and identity threat prevention, detection, and response. The company’s platform creates a real-time, continuously updated inventory of identities and access across cloud and on-premises environments. The solution provides security teams with granular insights for remediating and preventing identity-driven attacks.

The acquisition is expected to position Spera’s 25 employees as the foundation for Okta’s research and development center in Israel. Okta, based in San Francisco and founded in 2009, has around 6,000 employees and recorded revenues of approximately $1.8 billion in the last fiscal year. The move aligns with Okta’s strategic focus on strengthening its capabilities in identity and access management, particularly in response to the growing challenges posed by identity theft hacks and other security threats. Okta and Spera have not yet provided official comments on the acquisition.

By Admin

Leave a Reply

Your email address will not be published. Required fields are marked *