Digital identity provider Okta has reached an agreement to acquire privileged access management (PAM) vendor Axiom Security.

No terms of the deal were disclosed, though once completed, Axiom’s technology will be integrated into Okta’s Privileged Access offering to provide expanded access controls for customers' identity security fabric.

Okta said the prospective purchase would provide its users with a single control plane for managing privileged access, whether on-prem or in the cloud.

“Axiom Security elevates our current PAM product to solve for even more use cases, adding security controls and connectors to critical infrastructure resources, such as databases and Kubernetes,” Abhi Sawant, Okta’s head of engineering, wrote in a blog post announcing the deal.

The vendor anticipates the acquisition to close in September, subject to regulatory checks.

Axiom overview

Based in New York, Axiom Security was founded in 2021 by Israeli Air Force veterans Itay Mesika and Ilan Dardik. Mesika, who serves as Axiom’s CEO, previously worked on DevSecOps at CloudZone, while CTO Dardik previously spent time at Continuity Software and Ezbob, respectively.

The firm launched out of stealth in 2022 and went on to secure backing from S Capital and Gefen Capital, along with a wealth of angel investors, including Srinath Kuruvadi, head of cloud security at JPMorganChase, and Ofer Smadari, CEO of security automation firm Torq.

Axiom Security offers a PAM platform designed to eliminate standing privileges and secure access to critical infrastructure. Its cloud-native, identity-centric offering manages automated requests and approval workflows as well as user access reviews to ensure access is secure by default without slowing down productivity.

The Axiom team is set to join a firm that saw a 13% year-over-year increase in revenues in Q2, up to $728 million. Okta’s latest earnings report saw the firm report subscription revenues rise by 12% year-over-year to $711 million, with an RPO, or subscription backlog, standing at $4.152 billion.

“Our solid Q2 results are highlighted by continued strength in new product adoption, the public sector, Auth0, and cash flow. In the age of AI, Okta’s independence and neutrality will continue to give organizations the freedom to innovate securely and on their own terms,” Todd McKinnon, Okta’s CEO, told investors.