Accenture shells out $4.18B on three companies in big industrial cybersecurity push

Source Domain: cyberscoop.com

Accenture announced Thursday it would acquire a majority stake in industrial cybersecurity firm Dragos for $3.25 billion and purchase two smaller security companies outright, essentially making a $4.18 billion bet that defending the IT networks of power grids, pipelines, factories and critical infrastructure sectors will become one of the defining challenges of the AI era.

The deals — which also include two Austin, Texas-based companies, runZero and NetRise — represent a significant strategic pivot for Accenture toward operational technology (OT) security, a segment of the cybersecurity market that has long been underfunded relative to traditional IT defenses. The announcement comes as the consulting giant faces pressure on its core business from the same AI tools reshaping the threat environment it is now moving to address.

Dragos, founded in 2016 by former intelligence specialists and based in Hanover, Maryland, has built what the industry regards as a leader detecting threats in OT environments. Its proprietary dataset of industrial threat intelligence has made it a trusted partner to critical infrastructure operators globally.

RunZero specializes in asset discovery and attack-surface intelligence — essentially mapping what is connected to a network and identifying where it is exposed. NetRise focuses on firmware-level visibility and software supply chain security, areas that have drawn increased scrutiny since high-profile incidents revealed how deeply embedded vulnerabilities can propagate through industrial device ecosystems.

Dragos co-founder and CEO Robert M. Lee will continue leading the combined entity, which will operate as an independent business under Accenture’s ownership. The CEOs of runZero and NetRise, HD Moore and Tom Pace, respectively, along with NetRise’s chief technology officer Michael Scott, will join Dragos as senior executives.

The acquisitions are not Accenture’s first move in OT security. The…

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