On the news, Okta stock rose by 6% to $113, putting the market cap at close to $13 billion. Keep in mind that – since the company came public in April 2017 – the return for investors has been a sizzling 566%. Well, I had a chance to talk to the co-founder and COO, Frederic Kerrest, to get some answers. As for Okta, Frederic started the company, along with Todd McKinnon, during the depths of the financial crisis in 2009. The end result: Okta would help solve the problem that customers were having with adopting, managing and securing the growing number of cloud apps.

Source: Forbes June 01, 2019 15:55 UTC