Arengu Spain, S.L.

Based in Spain, Arengu Software, S. L. develops digital solutions that enhance user authentication and identity verification processes for businesses, enabling a more efficient and secure access management system. Arengu Software, S.

L. specializes in digital solutions aimed at streamlining user authentication and identity verification. Founded in 2018 in Spain, the company has completed three deals, with its most recent deal occurring on June 12, 2023. During this latest investment, Okta, Inc.

acquired Arengu from Arengu Software, S. L. , Kanoar Ventures, and Lanai Partners for approximately EUR 10 million. The company has not undergone any notable pivots or changes in its business strategy since its inception.

Arengu specializes in providing digital solutions that streamline user authentication and identity verification processes for businesses across various sectors. Its flagship product is a no-code platform that allows companies to create customized workflows for onboarding users, verifying identities, and managing access to services. This platform caters to diverse industries such as finance, healthcare, and e-commerce, offering end users a secure and efficient experience when accessing services. Arengu's solutions are deployed in markets including Europe and North America, targeting both small to medium enterprises (SMEs) and larger corporations.

Through its innovative approach, Arengu addresses critical challenges in user management, reducing friction during onboarding while enhancing compliance with regulatory standards. Arengu generates revenue primarily through a subscription-based model, offering tiered pricing plans that cater to varying business sizes and needs. For the most recent year reported, 2019, the company achieved a revenue of EUR 139,090 with an EBITDA of EUR 11,528. 4.

Clients engage with Arengu through direct partnerships, accessing its platform to streamline user authentication processes. The transaction structure is designed around monthly or annual subscriptions, enabling scalability and flexibility in usage. This model allows Arengu to establish long-term relationships with its clients, facilitating additional features and services as businesses grow and evolve. In June 2023, Okta, Inc.

acquired Arengu Software, S. L. for approximately EUR 10 million, which will allow Okta to enhance its services and expand its manpower. Moving forward, Arengu plans to utilize recent funding to develop new products aimed at improving user experience in authentication processes.

The company is also strategically targeting expansion into new markets across Europe and North America by late 2024, facilitating broader access to its innovative solutions.