Enterprise Identity-as-a-Service Platforms sector
Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise Identity-as-a-Service Platforms
1.1 - About Enterprise Identity-as-a-Service Platforms sector
Companies in the Enterprise Identity-as-a-Service Platforms category deliver cloud-based identity and access management for workforce, partner, and customer users. They centralize authentication across SaaS and on-prem applications, enforce strong access controls, and streamline identity lifecycle operations. Buyers adopt these platforms to reduce security risk, simplify compliance, and standardize sign-in experiences while offloading infrastructure management to a scalable, highly available service.
These vendors typically offer single sign-on that supports SAML and OpenID Connect, paired with multi-factor and passwordless authentication for stronger access control. They automate user provisioning and deprovisioning through SCIM and integrate with HRIS and ITSM systems to drive lifecycle workflows. Identity governance provides access certification and policy enforcement, while cloud directory services and federation handle cross-domain identities. APIs enable app-level authentication, with granular RBAC, audit trails, and compliance reporting.
Primary customers include large enterprises modernizing IAM, mid-market organizations consolidating authentication, and SaaS providers embedding customer identity. Typical outcomes are fewer breaches through stronger controls, faster onboarding and offboarding tied to HR events, reduced helpdesk load via self-service and unified login, and improved compliance with GDPR, SOX, and HIPAA through centralized policies, auditability, and certification workflows.
2. Buyers in the Enterprise Identity-as-a-Service Platforms sector
2.1 Top strategic acquirers of Enterprise Identity-as-a-Service Platforms companies
Okta
- Description: Provider of cloud-based identity and access management solutions that secure workforce and customer users through suites combining single sign-on, adaptive multifactor authentication, API protection, privileged access, lifecycle management, governance and no-code orchestration, enabling organizations to build tailored, end-to-end security across applications, devices and APIs.
- Key Products:
- Workforce Multifactor Authentication: Provides secure authorization using contextual policies, adding MFA layers across workforce accounts to thwart unauthorized access and strengthen enterprise security posture
- Workforce Single Sign-On: Delivers seamless, secure access to all enterprise applications from any device, unifying sign-in experiences and reducing credential sprawl and IT friction
- Automated User Lifecycle Management: Automates onboarding and offboarding by synchronizing identities across applications, enabling rapid provisioning, timely deprovisioning, and consistent access governance
- Secure Cloud Infrastructure IAM: Unifies identity and access management for AWS
- Google Cloud Platform, and Azure, centralizing controls to protect resources and enforce security policies
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
2.2 - Strategic buyer groups for Enterprise Identity-as-a-Service Platforms sector
M&A buyer group 1: Identity Access Management
Okta
- Type: N/A
- Employees: ●●●●●
- Description: Provider of cloud-based identity and access management solutions that secure workforce and customer users through suites combining single sign-on, adaptive multifactor authentication, API protection, privileged access, lifecycle management, governance and no-code orchestration, enabling organizations to build tailored, end-to-end security across applications, devices and APIs.
- Key Products:
- Workforce Multifactor Authentication: Provides secure authorization using contextual policies, adding MFA layers across workforce accounts to thwart unauthorized access and strengthen enterprise security posture
- Workforce Single Sign-On: Delivers seamless, secure access to all enterprise applications from any device, unifying sign-in experiences and reducing credential sprawl and IT friction
- Automated User Lifecycle Management: Automates onboarding and offboarding by synchronizing identities across applications, enabling rapid provisioning, timely deprovisioning, and consistent access governance
- Secure Cloud Infrastructure IAM: Unifies identity and access management for AWS
- Google Cloud Platform, and Azure, centralizing controls to protect resources and enforce security policies
Buyer group 2: ████████ ████████
●● companiesBuyer group 3: ████████ ████████
●● companies3. Investors and private equity firms in Enterprise Identity-as-a-Service Platforms sector
3.1 - Buyout funds in the Enterprise Identity-as-a-Service Platforms sector
2.2 - Strategic buyer groups for Enterprise Identity-as-a-Service Platforms sector
4 - Top valuation comps for Enterprise Identity-as-a-Service Platforms companies
4.2 - Public trading comparable groups for Enterprise Identity-as-a-Service Platforms sector
Valuation benchmark group 1: Cybersecurity Identity and Access Software Companies
Gen Digital
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of cybersecurity solutions, offering products for online privacy, identity protection, and real-time security for devices including PCs, Macs, and mobile platforms.
- Key Products:
- VPN Solution: Enhances security and online privacy by providing an encrypted data tunnel
- Norton Privacy Monitor Assistant: On-demand service helping users delete personal information from data brokers online
- Avira Security: Portfolio of cybersecurity and privacy solutions
- AntiTrack: Blocks trackers and disguises digital fingerprints
- Online Reputation Management: Manages online search results and personal branding.