Okta Strengthens PAM with Acquisition of Israeli Startup Axiom
Okta, a U.S.-based identity and access management leader, agreed to acquire Axiom Security, a Tel Aviv-founded startup specializing in cloud-native, identity-centric privileged access management (PAM).
The deal marks Okta’s second acquisition in Israel, following its 2023 purchase of Spera Security. Although the terms remain undisclosed, independent reports estimate the acquisition at approximately USD 100 million.
This move will integrate Axiom’s advanced capabilities—such as just-in-time access, AI-based connector building, Kubernetes and database support, and automated approval workflows—into Okta’s Privileged Access product.
Herzog advised Okta on the transaction. The deal team included Yair Geva, Adam Salkin, Tzipi Zipper, Danielle Yagen Katz, Dr. Ehab Farah, Shachar Porat, Karen Elburg, and Maayan Hammer-Tzeelon, collaborating closely with the Axiom leadership.
Meitar advised Axion on the transition. The deal team included Itay Frishman, Hadas Simchi and Tal Binder.
