Notably, this is not a full acquisition: Okta’s co-founder and COO Frederic Kerrest, who answered questions about the transaction over email, did not specify who would retain ownership of the technology. We have followed up with him, CEO Todd McKinnon and an Okta spokesperson to see if we can get more details. The hiring portion covers 35 of Stormpath’s current 45 employees, including co-founders Alex Salazar and Les Hazelwood. And with it, Stormpath announced that it will shut down its current API and corresponding SDKs on August 17, 2017, along with a more detailed migration path for existing customers. The deal comes relatively quickly on the heels of Okta launching a similar, competing product of its own back in August 2016.

https://techcrunch.com/2017/03/06/okta-stormpath/