Accenture announced that it has entered into agreements to acquire a majority stake in Dragos and 100% of runZero and NetRise.
The transactions have a combined enterprise value of approximately $4.175 billion, subject to customary purchase price adjustments. The deals are expected to close in August or September 2026, subject to customary closing conditions, including required regulatory approvals.
Dragos is an operational technology cybersecurity company focused on threat detection and defense for industrial and critical infrastructure environments. Accenture said Dragos’ vendor-neutral OT platform will be enhanced through the acquisitions of runZero and NetRise.
runZero will add exposure assessment and attack-surface intelligence capabilities. NetRise will add software supply chain data and firmware-level visibility into device exposure.
Together, Dragos, runZero, and NetRise are expected to provide a unified platform that improves visibility, accelerates threat detection and response, and helps industrial and critical infrastructure operators better understand and protect their operational technology networks.
Accenture said the combined platform will help organizations see what is on their OT networks, understand what is running on those systems, and respond to threats targeting critical infrastructure.
The company said the acquisitions come as industrial control systems, Internet of Things devices, sensors, cloud-connected devices, and related IT infrastructure are expanding the operational technology environment known as xOT. Accenture said AI-driven cyber threats and geopolitical risk are increasing the urgency for stronger xOT cybersecurity.
Dragos will continue to operate as an independent business. It is based in Hanover, Maryland and has about 580 employees.
Dragos co-founder and CEO Robert M. Lee will continue leading Dragos. HD Moore, CEO of runZero, Thomas Pace, CEO of NetRise, and Michael Scott, Chief Technology Officer and Chief Scientist at NetRise, will become key Dragos executives.
Accenture said the acquisitions will expand its position in the OT cybersecurity market from services into software capabilities. The company said the broader OT cybersecurity market represents an estimated $27 billion opportunity in 2026 and is projected to grow to nearly $59 billion by 2031.
Together, Dragos, runZero, and NetRise are estimated to generate approximately $208 million in annual recurring revenue as of June 2026, representing 53% year-over-year growth.
Accenture said the acquisitions build on more than a decade of investments in OT cybersecurity, including the acquisitions of Cimation, Revolutionary Security, Callisto, Electro 80, True North Solutions, and SYSTEMA.
KEY QUOTES:
“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. 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.”
Julie Sweet, Chair and CEO of Accenture
“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. 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.”
Robert M. Lee, Co-Founder and CEO of Dragos
