Courtesy of Auth0

San Francisco-based identity provider Okta Inc. on Wednesday announced an agreement to acquire Bellevue-based Auth0 in a stock deal valued at approximately $6.5 billion.

Auth0 was founded in 2013 and provides a platform to authenticate, authorize, and secure access for applications, devices, and users. It will operate as an independent business unit inside Okta. Both platforms will be supported, invested in, and integrated over time — becoming more compelling together, according to a news release from Okta.

Subject to regulatory approvals, the deal is expected to close by July 31.

Okta and Auth0’s comprehensive, complementary identity platforms are robust enough to serve the world’s largest organizations and flexible enough to address every identity use case, regardless of the audience or user, the release said.

“Combining Auth0’s developer-centric identity solution with the Okta Identity Cloud will drive tremendous value for both current and future customers,” Todd McKinnon, CEO and co-founder of Okta, said in a statement. “In an increasingly digital world, identity is the unifying means by which we use technology — both at work and in our personal lives. With so much at stake for businesses today, it’s critical that we deliver trusted customer-facing identity solutions.”

Eugenio Pace, CEO and co-founder, Auth0, said, “Okta and Auth0 have an incredible opportunity to build the identity platform of the future. We founded Auth0 to enable product builders to innovate with a secure, easy-to-use, and extensible customer identity platform. Together, we can offer our customers workforce and customer identity solutions with exceptional speed, simplicity, security, reliability, and scalability. By joining forces, we will accelerate our customers’ innovation and ability to meet the needs and demands of consumers, businesses, and employees everywhere.”

Okta, in its fiscal year ended Jan. 31, reported total revenue of $835.4 million, an increase of 43 percent year-over-year.