Accenture is strengthening its $10 billion cybersecurity business with the acquisition of a majority stake in Dragos and full ownership of runZero and NetRise in a deal valued at approximately $4.175 billion. The acquisitions expand Accenture’s operational technology (OT) cybersecurity capabilities, enabling it to deliver a comprehensive security platform for critical infrastructure and industrial environments, including power grids, pipelines, manufacturing facilities, distribution centers, and data centers.
The move combines Dragos’ industry-leading OT threat detection platform with runZero’s exposure assessment and attack-surface intelligence, alongside NetRise’s firmware-level visibility and software supply chain security. Together, the three companies will provide organizations with an integrated platform that improves asset visibility, accelerates threat detection and response, and strengthens protection across increasingly connected operational technology environments.
The acquisition comes as operational technology, or xOT, continues to expand through the adoption of industrial control systems, Internet of Things (IoT) devices, cloud-connected infrastructure, and AI-powered industrial operations. As cybercriminals increasingly leverage AI and geopolitical tensions heighten cyber risks, Accenture believes organizations need stronger cybersecurity solutions specifically designed for critical infrastructure, where traditional IT-focused security investments often fall short.
Julie Sweet, Chair and CEO of Accenture, said the company’s cybersecurity business continues to grow at double-digit rates and that customers are seeking more proactive and integrated approaches to defending critical infrastructure. She noted that the addition of Dragos, supported by runZero and NetRise, positions Accenture to expand its presence in the industrial cybersecurity market while driving long-term growth through advanced security capabilities.
Following the transaction, Dragos will continue to operate as an independent business under the leadership of co-founder and CEO Robert M. Lee. The company will retain its vendor-neutral approach and continue supporting complex, multi-vendor industrial environments. Meanwhile, runZero CEO HD Moore, NetRise CEO Thomas Pace, and NetRise CTO Michael Scott will join Dragos’ executive leadership team.
Accenture said the acquisitions build on its rapid cybersecurity growth, with revenue increasing from $700 million in 2016 to $10 billion in fiscal 2025. Together, Dragos, runZero, and NetRise are expected to generate approximately $208 million in annual recurring revenue as of June 2026, with 53% year-over-year growth, while positioning Accenture to capitalize on the expanding OT cybersecurity market, projected to reach nearly $59 billion by 2031.
