Quick Take
Okta (OKTA) announced it has acquired Azuqua for $52.5 million.
Azuqua operates as a cloud-based, business application integration and workflow automation company.
With the deal, OKTA seeks to provide customers and prospects a simpler and more efficient process for managing and adding cloud applications in an increasingly complex cloud IT environment.
Target Company
Seattle, Washington-based Azuqua was founded in 2013 to develop a cloud-based workflow automation solutions to help SaaS, business and IT companies save time and eliminate manual work.
Management is headed by Todd Owens, who has been with