Accenture is making one of its biggest cybersecurity bets yet, and has agreed to acquire a majority stake in industrial cybersecurity company Dragos and fully acquire security firms runZero and NetRise in a combined deal valued at $4.18 billion. The move comes as organizations worldwide face growing cyber threats targeting factories, power grids, and other critical infrastructure.
The acquisitions are expected to significantly strengthen Accenture’s cybersecurity business, which already generates roughly $10 billion in annual revenue. The company said the three transactions will expand its capabilities in operational technology (OT) security, asset intelligence, and software supply chain protection.
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Dragos is widely recognized for protecting industrial control systems used in critical infrastructure sectors. Meanwhile, runZero specializes in asset discovery and vulnerability management, while NetRise focuses on software supply chain security. Together, the companies bring approximately $208 million in annual recurring revenue to Accenture’s cybersecurity portfolio.
The deal reflects increasing concern among businesses and governments about cyber risks associated with connected industrial systems and the growing adoption of artificial intelligence. As factories, utilities, and transportation networks become more digitally connected, cybersecurity has become a boardroom priority rather than solely an IT concern.
Accenture said the transactions are expected to close in August or September, subject to regulatory approvals. The company plans to invest about $9 billion in acquisitions during fiscal 2026, up from approximately $5 billion previously, as it expands capabilities in AI, cloud computing, data services, and cybersecurity.
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The acquisition announcement came alongside a weaker-than-expected financial outlook from the consulting giant. Accenture lowered its annual revenue growth forecast to between 3% and 4%, down from its previous projection of 3% to 5%, citing economic uncertainty and softer consulting demand. Third-quarter bookings also declined, reflecting cautious spending by corporate clients.
Investors reacted negatively to the earnings update and revised forecast, sending Accenture shares sharply lower. However, the company is positioning cybersecurity and AI as key growth areas as organizations continue investing in technologies that improve resilience, efficiency, and protection against increasingly sophisticated cyber threats.