Accenture Acquires Dragos, runZero, and NetRise for $4.2B

Accenture announced the acquisition of Dragos, runZero, and NetRise for approximately $4.2 billion. This move aims to bolster Accenture's offerings in operational technology cybersecurity.

ACN is making its largest bet yet on operational technology (OT) security, agreeing to acquire a majority stake in Dragos along with full ownership of runZero and NetRise in a deal valued at roughly $4.2 billion. The transaction values industrial cybersecurity specialist Dragos at about $3.25 billion, with runZero and NetRise set to operate under the Dragos umbrella.

The acquisitions assemble an end-to-end platform for defending critical infrastructure: Dragos brings OT threat detection for power grids, pipelines, manufacturing and data centers, while runZero and NetRise add network asset visibility and firmware analysis. Together the three businesses are expected to generate roughly $208 million in annual recurring revenue by mid-2026, a 53% year-over-year increase, underscoring why Accenture is paying up for the segment.

The deal lands as AI-driven threats and geopolitical risk push industrial operators to harden legacy systems that were never designed for connectivity. With closing expected in August or September 2026 pending regulatory approval, investors will watch how quickly Accenture can cross-sell the platform into its consulting base and whether the OT push helps offset the broader services-demand softness weighing on the stock.