Accenture is making one of its largest cybersecurity bets yet, agreeing to acquire a majority stake in operational-technology security leader Dragos along with all of asset-intelligence firm runZero and device-security specialist NetRise. Announced June 18, the deals carry a combined enterprise value of roughly $4.18 billion and are designed to give the consulting giant an end-to-end platform for defending the physical systems behind power grids, pipelines, factories and data centers.
Building an end-to-end OT platform
The acquisitions stack three complementary capabilities. Dragos contributes vendor-neutral OT threat detection and a proprietary industrial dataset; runZero adds exposure assessment and attack-surface intelligence; and NetRise brings firmware-level visibility and software supply-chain analysis. Together they target what Accenture calls "xOT" — the sprawling mix of industrial control systems, IoT sensors and cloud-connected devices that AI is rapidly expanding.
A $59 billion market by 2031
Building on a cybersecurity business that reached roughly $10 billion in fiscal 2025, Accenture expects the deals to expand its reach from OT security services into software. The company estimates the broader OT cybersecurity market at about $27 billion in 2026, growing to nearly $59 billion by 2031. Combined, Dragos, runZero and NetRise generate an estimated $208 million in annual recurring revenue, up 53% year over year.
Independence and leadership
Led by co-founder and CEO Robert M. Lee, Dragos will continue to operate as an independent, vendor-neutral business, with runZero's HD Moore and NetRise's Thomas Pace becoming key executives. The transactions are expected to close in August or September 2026, subject to regulatory approval. "Organizations need solutions, not a patchwork of software and services," Lee said.
The move continues a wave of consolidation in enterprise security and industrial software, following deals such as Accenture's purchase of Industries Excellence's Siemens practice, Cyera's acquisition of Genie Security and fresh funding for defenders like Filigran.
Reporting based on coverage from Accenture and company disclosures.