Accenture expands cyber platform with Dragos stake, OT focus

NEW YORK—Accenture has agreed to acquire a majority stake in Dragos, along with full acquisitions of runZero and NetRise, in a move aimed at expanding its cybersecurity capabilities for operational technology (OT) and critical infrastructure environments.

The transactions, valued at approximately $4.175 billion, are expected to close in late summer 2026, pending regulatory approvals.

Dragos, based in Hanover, Md., specializes in OT threat detection and industrial cybersecurity. Following the deal, runZero and NetRise will operate under Dragos, which will continue to function as an independent business within Accenture.

runZero, headquartered in Austin, Texas, provides asset discovery and exposure management, while NetRise focuses on firmware-level security and software supply chain visibility. Accenture said the combined capabilities are intended to provide a more comprehensive view of industrial networks, including connected devices, control systems and cloud-linked infrastructure.

The move reflects increasing demand for cybersecurity solutions that address operational environments - often referred to as “extended OT,” or xOT - which include industrial control systems, IoT devices and related infrastructure.

According to Accenture, the combined platform will aim to improve asset visibility, threat detection and response across these environments, where the convergence of IT and OT has introduced new risks. The company cited rising concerns around AI-enabled cyber threats and geopolitical risk as factors driving investment in this area.

“Our clients across industries and regions are asking us how to be more proactive and integrated in their approach to cybersecurity,” said Julie Sweet, chair and CEO of Accenture. “The addition of Dragos, complemented by runZero and NetRise, fills this important need.”

Dragos CEO Robert M. Lee will continue to lead the business. Leaders from runZero and NetRise, including CEOs HD Moore and Thomas Pace, are expected to join Dragos in leadership roles.

“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,” Lee said. “Organizations need solutions, not a patchwork of software and services.”

Accenture said Dragos will maintain its vendor-neutral approach and continue to support multi-vendor environments, including partnerships with technology providers and equipment manufacturers.

The acquisitions build on Accenture’s broader cybersecurity business, which reached $10 billion in revenue in fiscal 2025. The company said it expects the deals to expand its presence in the OT cybersecurity market, particularly as organizations increase focus on protecting critical infrastructure.

The combined businesses are estimated to generate approximately $208 million in annual recurring revenue as of June 2026.

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