Accenture places $4.2 billion bet on OT cybersecurity amid mixed outlook
Accenture places $4.2 billion bet on OT cybersecurity amid mixed outlook
Publish Date: 2026-06-18 18:17:00
Source Domain: www.constellationr.com
Accenture is beefing up its cybersecurity business with a focus on operational technology. The company said it will acquire a majority stake in Dragos and all of runZero and NetRise in deals valued at $4.175 billion.
The consulting firm already has a $10 billion cybersecurity business and is doubling down on operational technology (OT) and securing power grids, pipelines, factories and similar infrastructure.
Accenture said the combination of the three companies have about $208 million in annual recurring revenue through June with growth of 53%. Accenture said the deals will be initially dilutive to earnings, but drive growth and earnings in the future.
Dragos, which provides OT threat detection, proprietary data and a neutral platform, will be combined with runZero, which has exposure assessment and attack-surface intelligence, and NetRise, which has firmware-level visibility into device exposure. Accenture will unify the platforms and operate the OT cybersecurity unit as an independent entity led by Dragos CEO Robert M. Lee.
Accenture CEO Julie Sweet said the company is “confident Dragos’ differentiated OT platform will accelerate our growth in the critical infrastructure and industrial operations markets.”
Sweet said Accenture is looking to be “the reinvention partner of choice for our clients and the leader in widespread adoption of AI.”
And you can’t have AI without real security. Sweet said:
“These acquisitions will create a first-of-its-kind OT Security platform that lets clients see threats, find vulnerabilities and fix them before it becomes a crisis.
Cyber is a key enabler for AI. We cannot have an AI revolution without critical infrastructure, and you cannot have those without OT Security, which is where today the world is most vulnerable. The urgency is real. AI and geopolitical risks are accelerating the need for cybersecurity adoption for the operational technology that underpins critical…
