Okta said on Tuesday that it has named Bill Losch as CFO, effective immediately. Prior to joining Okta, Losch was CFO at MobiTV, Inc. Backed by Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital, the San Francisco-based Okta is a provider of cloud solutions.
SAN FRANCISCO, CA–(Marketwired – Jun 25, 2013) – Today, Okta announced the appointment of Bill Losch as its first chief financial officer, effective immediately. Losch brings more than 20 years of corporate financial experience to Okta, and will play an instrumental role in managing the company’s continued growth and expansion.
Losch joins Okta’s team during an incredible growth period. Okta has increased its customer count by more than 500 percent year-over-year in 2013, adding Clorox, National Geographic and London Gatwick Airport as new enterprise customers. In recent weeks, the company announced new functionality aimed at helping organizations with external identity management, and launched a comprehensive new partner program for ISVs, Resellers, and System Integrators.
“Okta solves a fundamental and growing problem for companies trying to manage user access and security across a rapidly growing number of applications, devices and locations,” said Bill Losch, CFO, Okta. “The company has generated outstanding results already, and I’m looking forward to helping them scale and build on that success in the years to come.”
Prior to Okta, Losch served as CFO at MobiTV, Inc., a leading technology platform provider of multiscreen video delivery services to network operators and service providers, where he was responsible for MobiTV’s global finance and accounting, treasury, human resources and legal affairs. Losch also served as the chief accounting officer at DreamWorks Animation, SKG, Inc., as vice president of finance and chief accounting officer at Yahoo! Inc., and has held various leadership positions at Universal Studios, Inc. and KPMG.
“Bill brings great energy, expertise and a proven track record to the CFO position. He will play a critical role in driving Okta’s continued growth and our expansion into new markets,” said Todd McKinnon, CEO, Okta. “We’re excited to have him on the team and draw on his experience, as we continue on our mission to build and extend the Enterprise Identity Network.”
Okta is an enterprise-grade identity management service, built from the ground up in the cloud and designed to address the challenges of a cloud, mobile and interconnected business world. Okta integrates with existing directories and identity systems, as well as thousands of on-premises, cloud-based and mobile applications, to enable IT to securely manage access anywhere, anytime and from any device.
More than 300 enterprises, including Allergan, BMC Software, Clorox, London Gatwick Airport, LinkedIn, T.D. Williamson and SAP, use Okta to increase security and employee productivity, as well as lower IT costs and improve compliance. The hundreds of enterprises, thousands of cloud application vendors and millions of people using Okta today also form the foundation for the industry’s first Enterprise Identity Network. Okta is backed by premier venture capital firms Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital. To learn more about Okta, visit www.okta.com.