New York, USA – Accenture has announced plans to acquire a majority stake in cybersecurity company Dragos, as well as full ownership of runZero and NetRise, in a move aimed at expanding its operational technology (OT) cybersecurity offerings for critical infrastructure and industrial operations.
The transaction, valued at approximately $4.175b, is expected to strengthen Accenture’s capabilities in protecting operational environments such as power grids, pipelines, manufacturing facilities, distribution centers and data centers. The acquisitions are subject to customary closing conditions and regulatory approvals, with completion expected in August or September 2026.
Under the arrangement, Dragos will continue to operate as an independent business led by Co-Founder and CEO Robert M. Lee. The company will incorporate the capabilities of runZero and NetRise into its platform. HD Moore, CEO of runZero, along with NetRise CEO Thomas Pace and Chief Technology Officer and Chief Scientist Michael Scott, are expected to join Dragos in executive roles.
According to Accenture, the combination of Dragos’ OT threat detection platform with runZero’s exposure assessment and attack-surface intelligence capabilities and NetRise’s software supply chain and firmware visibility technology is intended to provide customers with a unified platform for monitoring and defending operational technology environments.
The acquisitions come as organisations face increasing cybersecurity challenges linked to growing connectivity across industrial systems, Internet of Things devices, sensors, cloud-connected assets and traditional IT infrastructure. Accenture noted that artificial intelligence is becoming more integrated into industrial operations while also being adopted by cyber adversaries, increasing pressure on organisations to strengthen defenses in OT environments.
“In an age when AI-driven cyber threats and geopolitical risk are evolving at a rapid pace, our cybersecurity practice is growing by double-digits and has a strong track record of leveraging inorganic opportunity to fuel organic growth,” said Julie Sweet, Chair and CEO, Accenture. “Our clients across industries and regions are asking us how to be more proactive and integrated in their approach to cybersecurity. The addition of Dragos, complemented by runZero and NetRise, fills this important need. We are confident Dragos’ differentiated OT platform will accelerate our growth in the critical infrastructure and industrial operations markets, driving long-term shareholder value through scaled adoption of advanced cybersecurity capabilities.”
Lee said the combination would help address cybersecurity requirements across critical infrastructure sectors.
“Our energy and water systems, manufacturing plants, data centers and other operational environments need cybersecurity built from the ground up for xOT and designed to keep pace as threats evolve. The consequences of getting it wrong become societal threats,” Lee said. “Organizations need solutions, not a patchwork of software and services. The addition of runZero and NetRise will allow the Dragos Platform to be a unique end-to-end platform for global defense, and Accenture will bring its decades of trusted relationships and deep expertise to help us scale and secure more critical infrastructure and physical operations globally.”
Dragos said it will maintain its vendor-neutral approach and continue supporting customers operating across multiple technology environments.
The acquisitions also represent an expansion of Accenture’s cybersecurity business, which the company said grew from $700m in revenue in 2016 to $10b in fiscal year 2025. Accenture estimates that the broader OT cybersecurity market, including software capabilities, represents a $27b opportunity in 2026 and could grow to nearly $59b by 2031.
Accenture said Dragos, runZero and NetRise together are estimated to generate approximately $208m in annual recurring revenue as of June 2026, representing 53% year-over-year growth. The company expects the acquisitions to be initially dilutive but accretive to earnings per share and free cash flow over time.
The deal builds on Accenture’s previous investments in OT cybersecurity, including acquisitions such as Cimation, Revolutionary Security, Callisto, Electro 80, True North Solutions and SYSTEMA.
