Accenture to Acquire Majority Stake in Dragos
Accenture aims to expand its position in the OT cybersecurity market
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Building on its $10 billion cybersecurity business, Accenture is expanding its position with the acquisition of a majority stake in Dragos and all of runZero and NetRise to deliver end-to-end operational technology (OT) security for the critical infrastructure and industrial operations underpinning power grids, pipelines, manufacturing, distribution facilities and data centers.
“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.”
The Dragos Platform will expand to cover the extended environment that controls physical processes, while Accenture’s deep OT security expertise, unique industrial datasets and decades of trusted relationships with critical infrastructure operators will address a need previously unaddressed at scale.
These acquisitions are expected to meaningfully expand Accenture’s position in the OT cybersecurity market. Together, Dragos, runZero and NetRise are estimated to generate approximately $208 million in annual recurring revenue as of June 2026, representing 53 per cent year-over-year growth. The acquisitions deliver strong gross margins and, while initially dilutive, are expected to be accretive to earnings per share and free cash flow over time, positioning the business for long-term growth and returns.
Accenture has entered into agreements to acquire a majority stake in Dragos and 100 per cnet of runZero and NetRise at a combined enterprise value of approximately $4.175 billion, subject to customary purchase price adjustments. The transactions are expected to close in August or September 2026, subject to customary closing conditions.
Building on its $10 billion cybersecurity business, Accenture is expanding its position with the acquisition of a majority stake in Dragos and all of runZero and NetRise to deliver end-to-end operational technology (OT) security for the critical infrastructure and industrial operations underpinning power grids, pipelines, manufacturing, distribution facilities and data centers.
“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.”
The Dragos Platform will expand to cover the extended environment that controls physical processes, while Accenture’s deep OT security expertise, unique industrial datasets and decades of trusted relationships with critical infrastructure operators will address a need previously unaddressed at scale.
