Salesforce Ventures, NTT Docomo Ventures, DTCP and Telstra Ventures are set to exit the authentication technology developer in an all-stock transaction.

Identity authentication technology provider Okta agreed yesterday to purchase US-based identity verification platform developer Auth0 in a $6.5bn deal enabling corporates NTT Docomo, Telstra, Deutsche Telekom and Salesforce to exit.

Auth0’s software platform enables app development teams to secure and authorise access for users, mobile devices and other applications. The acquisition is an all-share deal and is expected to close by the end of 2021.

Salesforce Ventures, a subsidiary of enterprise software producer Salesforce, led a $120m series F…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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