Don't Expect an Okta Merger
Following Salesforce's announcement that it has agreed to acquire Slack Technologies, speculation mounted about other potential software-as-a-service companies that could fit well into a larger tech company. Could identity management specialist Okta (NASDAQ: OKTA) potentially get acquired? After all, like Slack, it has a sub-$30 billion market capitalization, making it a doable acquisition target for a megacap tech company such as Microsoft.
Don't bet on it. Okta management emphasized in an interview with Barron's on Wednesday that such a move is unlikely. Investors, however, shouldn't be disappointed. This top-notch tech company is likely better off on its own anyway.
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Source Fool.com
