Okta reports earnings, moves headquarters and launches free service for startups


It was a big day for online identity management provider, Okta. 

After reporting better-than-expected third-quarter earnings, the company also made a slew of announcements.

Okta, which counts corporate clients like Nordstrom and government clients like the U.S. Department of Justice, said that it’s now going to let startups use its services for free. Young organizations with up to 25 employees will be able to use Okta Identity Cloud without charge for one year.

Okta is “trying to really capture and provide value to the next great companies out there,” CEO Todd McKinnon told TechCrunch. He likely hopes that they’ll become corporate clients as their business grows and they’re satisfied with the secure sign-on services.

Okta also announced that it’s moving its…

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