In a combined transaction valued at approximately $4.175 billion, Accenture has entered into definitive agreements to secure a majority stake in Dragos and completely acquire both runZero and NetRise. The transaction is scheduled to close in August or September 2026, subject to customary regulatory approvals. The consolidation moves the buyer directly into the software sector of the extended operational technology market, which is projected to reach nearly $59 billion by 2031.
The acquisitions structurally address critical vulnerabilities within physical infrastructure assets, including power grids, pipelines, manufacturing facilities, and data centers. Sophisticated AI tools are currently compressed inside adversary operations, cutting down the time window between initial corporate IT compromises and actual operational technology targeting. Despite these accelerating geopolitical and automated threats, most corporate cybersecurity budgets remain legacy-focused on basic IT infrastructure, leaving physical control operations exposed to disruption.
Dragos will absorb both runZero and NetRise to operate as an independent business unit under the direction of Dragos co-founder Robert M. Lee. The tech integration combines runZero’s attack-surface intelligence with NetRise’s firmware-level device exposure and software supply chain datasets. This combined footprint provides industrial operators with a single dashboard to analyze active assets, monitor multi-vendor networks, and neutralize incoming infrastructure attacks.
The software consolidation creates a powerful financial base generating approximately $208 million in annual recurring revenue as of June 2026, marking 53% year-over-year growth. Julie Sweet, chair and CEO of Accenture, stated that "the addition of Dragos, complemented by runZero and NetRise, fills this important need" for proactive, integrated client protection.
This deployment scales up a corporate cybersecurity business that generated $10 billion in revenue during fiscal year 2025. While the financial layout is initially dilutive, the unified software model maintains high gross margins and is projected to become accretive to earnings per share and free cash flow over time.