Accenture to buy a majority of Dragos plus all of runZero and NetRise for about $4.175 billion

Accenture (NYSE: ACN) said on June 18 it will acquire a majority stake in Dragos, an operational-technology (OT) cybersecurity firm, plus all of runZero and NetRise, in a set of deals it values at a combined enterprise value of about $4.175 billion, subject to purchase-price adjustments. Some accounts round the figure to roughly $4.1 billion or $4.2 billion.

The move assembles an end-to-end industrial-security platform inside the consulting firm. Accenture, which says its cybersecurity business reached $10 billion in revenue in fiscal 2025, is pitching the deal squarely at AI-driven cyber threats: it argues that AI is both widening the attack surface across what it calls the extended-OT environment and being folded into adversaries' operations.

runZero, an asset-intelligence and exposure-assessment company founded by Metasploit creator HD Moore, and NetRise, which focuses on device firmware and software-supply-chain security, will operate under Dragos, the company said. Dragos will continue as an independent, vendor-neutral business headquartered in Hanover, Maryland. Together the three are estimated to generate about $208 million in annual recurring revenue as of June 2026, which Accenture put at roughly 53 percent year-over-year growth.

Accenture's chair and chief executive, Julie Sweet, framed the deal as a response to AI-driven cyber threats and geopolitical risk, saying the addition of Dragos, complemented by runZero and NetRise, fills a need its clients are asking it to meet. Robert M. Lee, Dragos co-founder and CEO, said the combination would extend the firm's reach without compromising its independence.

The revenue, growth and market figures come from Accenture and its commissioned research, not independent audits; the company cites a study sizing the OT security software market at about $27 billion in 2026, rising to roughly $59 billion by 2031. The acquisitions are expected to close in August or September 2026, subject to regulatory approvals — and a majority stake in a firm that defends power, water and manufacturing systems may draw closer review than a routine software deal.