Accenture to acquire Dragos, runZero, NetRise for $4.2bn

Consulting giant Accenture announced a major expansion of its cybersecurity business on Thursday, June 18, agreeing to acquire a majority stake in industrial cybersecurity firm Dragos and purchase two smaller companies outright for a combined enterprise value of approximately $4.175 billion. The move represents a significant investment in securing operational technology for critical infrastructure amid rising threats.

The three companies involved are Dragos, based in Hanover, Maryland; runZero, specializing in asset discovery and attack-surface intelligence; and NetRise, focused on firmware analysis and software supply chain security. Both runZero and NetRise are based in Austin, Texas. Accenture will take full ownership of runZero and NetRise, while Dragos will continue to operate as an independent business led by its co-founder and CEO, Robert M. Lee. The CEOs of runZero and NetRise will join Dragos as senior executives.

The combined deals are expected to close in August or September, pending regulatory approvals. Accenture stated that the three companies together are projected to generate roughly $208 million in annual recurring revenue as of June 2026. This will add to...