Accenture Acquires Majority Stake in Dragos, All of runZero and NetRise in ~$4.18B OT-Security Deal
Accenture is buying a majority stake in Dragos ($3.25B valuation) plus runZero and NetRise (~$4.18B total) to build an end-to-end OT cybersecurity platform. Combined ARR ~$208M, +53% YoY.
TL;DR — Jun 18, 2026: Accenture (NYSE: ACN) to acquire majority stake in Dragos (valued $3.25B) + 100% of runZero and NetRise; ~$4.18B total enterprise value. Combined ARR ~$208M (+53% YoY). Targets an OT cybersecurity market sized $27B (2026) → ~$59B (2031). Close expected Aug–Sep 2026.
Accenture is moving from selling OT-security services to owning the products. The transaction assembles detection (Dragos), asset discovery (runZero), and firmware/supply-chain visibility (NetRise) into one stack.
The transaction
| What Accenture is buying | Company | Core capability |
|---|---|---|
| Majority stake (valued $3.25B) | Dragos | OT/ICS threat detection & response — stays independent and vendor-neutral |
| 100% acquisition | runZero | Asset discovery & attack-surface mapping (founded by Metasploit creator HD Moore) |
| 100% acquisition | NetRise | Firmware analysis & software-supply-chain visibility |
- Enterprise value ~$4.18B; Dragos valued $3.25B. runZero and NetRise operate under Dragos, which remains independent/vendor-neutral.
- Combined ARR ~$208M, +53% YoY (Accenture, SecurityWeek). Close: Aug–Sep 2026, subject to regulatory approval.
Market thesis
OT cybersecurity TAM: $27B (2026) → ~$59B (2031), ~16% CAGR; OT-security services alone ~$7B (Accenture). Accenture cyber revenue: $700M (2016) → $10B (FY2025) — inorganic fuel for organic growth.
"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.
Read
Consolidation signal: a Big Four–scale integrator buying a pure-play OT vendor (Dragos) plus adjacent capabilities prices critical-infrastructure defense as a platform category, not a services line. Dragos CEO Robert M. Lee: "Organizations need solutions, not a patchwork of software and services."
FAQ
What's the deal value and structure?
~$4.18B enterprise value: majority stake in Dragos ($3.25B valuation) + 100% of runZero and NetRise, announced Jun 18, 2026; close Aug–Sep 2026.
How big is the OT security market?
$27B in 2026, projected ~$59B by 2031 (~16% CAGR), per Accenture; OT-security services ~$7B.
What does each target add?
Dragos: OT threat detection/response. runZero: asset discovery/attack-surface. NetRise: firmware and software-supply-chain visibility.
Does Dragos stay independent?
Yes — independent and vendor-neutral, parenting runZero and NetRise.
Sources: Accenture newsroom (Jun 18 2026), SecurityWeek, CyberScoop.
Image: Victor Grigas, CC BY-SA 3.0, via Wikimedia Commons.
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