Accenture just wrote a $4.175 billion check to become a dominant force in operational technology cybersecurity. The consulting and IT services giant announced on June 18 that it’s taking a majority stake in Dragos while fully acquiring runZero and NetRise, creating what amounts to a one-stop shop for securing the industrial systems that keep power grids humming and factories running.
What Accenture is actually buying
The three companies serve distinct but complementary roles in the cybersecurity food chain.
Dragos specializes in protecting industrial control systems. These are the computerized brains that manage physical equipment in power plants, water treatment facilities, and oil refineries.
Dragos also quietly acquired Phosphorus on June 1, 2026, just weeks before this deal was announced. That acquisition gave Dragos additional capabilities in IoT device security.
