Overview
- Accenture announced Thursday, June 18 that it will take a majority stake in Dragos and acquire runZero and NetRise at a combined enterprise value of roughly $4.175 billion, with the transactions expected to close in August–September 2026 pending regulatory approvals.
- The three firms are projected to generate about $208 million in annual recurring revenue as of June 2026, a 53% year-over-year increase, which translates to roughly a 20x ARR purchase price that analysts say is a high multiple.
- Accenture said runZero and NetRise will operate under Dragos after closing, with Dragos CEO Robert M. Lee continuing to lead an independent Dragos business unit and the two smaller firms’ executives joining as senior leaders.
- The deal combines Dragos’s OT threat detection, runZero’s asset discovery and exposure intelligence, and NetRise’s firmware and supply-chain visibility to offer a single platform for securing industrial control systems, IoT devices, and related infrastructure.
- The acquisition shifts Accenture from services toward OT cybersecurity software at scale, a move meant to address underinvestment in industrial security and to help utilities, manufacturers, and other operators better spot and stop attacks on critical systems.