Building on its $10 billion cybersecurity business, Accenture is expanding its position with the acquisition of a majority stake in Dragos and all of runZero and NetRise.
The addition of runZero will bring comprehensive exposure assessment and attack-surface intelligence. NetRise will add a unique software supply chain dataset and firmware-level visibility into device exposure. Accenture feels that combining Dragos with runZero and NetRise will deliver a unified solution that enhances visibility, accelerates threat detection and response and strengthens Dragos’ ability to scale adoption of its broadened platform.
“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.
Led by Dragos co-founder and CEO Robert M. Lee, runZero and NetRise will operate under Dragos (based in Hanover, Maryland with 580 employees), which will continue to function as an independent business. HD Moore, CEO of runZero (based in Austin, Texas with 66 employees), Thomas Pace, CEO of NetRise (based in Austin, Texas with 57 employees), and Michael Scott, Chief Technology Officer & Chief Scientist at NetRise, will become key Dragos executives.
Accenture has grown its cybersecurity business to $10 billion of revenue in fiscal year 2025 from $700 million of revenue in 2016. This represents a 35 percent compounded annual growth rate (CAGR), which is four times the rate of Accenture’s overall CAGR.
These acquisitions are expected to meaningfully expand Accenture's position in the OT cybersecurity market from services, where Accenture is already an established leader in an estimated $7 billion OT cybersecurity services market, into the broader OT cybersecurity market through the addition of software capabilities—an estimated $27 billion opportunity in 2026, projected to grow to nearly $59 billion by 2031.
Together, Dragos, runZero and NetRise are estimated to generate approximately $208 million in annual recurring revenue as of June 2026, representing 53 percent year-over-year growth.
Accenture has entered into agreements to acquire a majority stake in Dragos and 100 percent of runZero and NetRise at a combined enterprise value of approximately $4.175 billion, subject to customary purchase price adjustments. The transactions are expected to close in August or September 2026, subject to customary closing conditions, including receipt of required regulatory approvals.
