2 Ways Okta Inc Is Powering Future Growth

One of the hotter IPOs this year was the April debut of Okta (NASDAQ: OKTA). Cybersecurity and cloud-based environments are major opportunities these days, and Okta's Identity Cloud offering is the leader in identification and authentication for enterprises, especially those that work in the cloud or hybrid environments.

Okta products streamline the identity login function for corporations -- a big deal since so many companies now operate remote offices around the world. And while it faces competition from the likes of Microsoft and IBM, Okta is formidable in cloud security, integrating with over 5,000 corporate applications. Moreover, it works across different cloud vendors, allowing enterprises to avoid "cloud lock-in" -- the challenge of moving from one cloud provider to another.

Recently, the company announced two initiatives that could be essential to its long-term investment story -- here's what's new with the cloud security leader.

Source: Fool.com