Dragos Closes Acquisitions of NetRise and runZero, Accenture (164news.com on accenture) Takes Majority Stake
Dragos has completed the acquisitions of NetRise and runZero, in conjunction with Accenture's majority investment. Robert M. Lee, CEO of Dragos, also assumes the role of chairman of the board. CrowdStrike co-founder Dmitri Alperovitch returns to the board. The company did not disclose the acquisition costs.
Key Takeaways:
- Acquisition Details: Dragos acquired NetRise and runZero, with both founding teams joining fully and continuing to serve existing customers.
- Strategic Move: This completes Accenture's majority investment in Dragos, which the latter describes as vendor neutrality due to critical infrastructure relying on multiple providers.
- Offerings: runZero focuses on exposure management, while NetRise specializes in identifying outdated components and hardcoded credentials within operational devices.
- Future Integrations: Dragos plans to integrate these acquisitions under its xOT (extended operational technology) label, emphasizing a holistic approach to cybersecurity.
- Data Integration: The acquired companies' data will enhance the Dragos Intelligence Fabric, powering their AI tool, EmberAI.
Company and Board Appointments:
- Dragos Leadership: Robert M. Lee (CEO & Chairman), HD Moore (runZero CEO), Thomas Pace (NetRise CEO), and Michael Scott (NetRise CTO).
- Accenture Board Representation: Harpreet Sidhu, global cybersecurity lead at Accenture.
Quotation:
"The world’s largest companies have invested heavily in enterprise IT security, yet it’s their cyber-physical systems that generate revenue and carry national and local security impact," stated Robert M. Lee.