Accenture Bets on End-to-End OT Cybersecurity with Dragos-RunZero-NetRise Deal

Accenture plans to acquire a majority stake in Dragos and 100% of runZero and NetRise for about $4.175 billion to create a unified, end-to-end OT cybersecurity platform. By combining Dragos’ OT threat detection with runZero’s exposure assessment and NetRise’s software-supply-chain and firmware visibility, the deal aims to secure the extended OT (xOT) environment against accelerating AI-driven threats and geopolitical risks. Dragos will operate as an independent unit, led by its co-founder CEO, and Accenture will leverage its relationships to scale adoption. Closing is expected in Aug–Sep 2026, with the trio projected to generate ~ $208 million in annual recurring revenue by mid-2026 and to be accretive to EPS and free cash flow over time.