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MN-50032

Accenture / DragosMN-50032

View on ACCC

Processing timeline

29

days

Filed

29 July 2026

Decision

27 Aug 2026

Type
Notification
Outcome
Approved
Stage
Phase 1 - initial assessment
Status
Assessment completed

Parties

Acquirer(s)

Accenture Venture Holdings, LLC Delaware registered number - 10429510

Target(s) or Vendor(s)

Dragos, Inc. Delaware file number - 6028773, Phosphorus Security LLC Delaware file number - 10549306, PHOSPHORUS (AUS) PTY LTD ABN - 58 678 218 356, DRAGOS AUSTRALIA PTY LTD ABN - 62 638 810 616

Other parties

Accenture plc Ireland registered number - 471706, CYBERCX PTY LTD ABN - 90 629 363 328, Accenture Inc. Delaware registered number - 3387477, ACCENTURE AUSTRALIA PTY LIMITED ABN - 49 096 776 895

Summary

Accenture Venture Holdings, an indirect subsidiary of Accenture plc, will acquire 80-90% of the shares in Dragos, Inc. Dragos is a global supplier of Operational Technology cybersecurity and threat detection technology. This acquisition strengthens Accenture's professional services and cybersecurity offerings.

Acquisition details

Accenture Venture Holdings, LLC, an indirect wholly-owned subsidiary of Accenture plc (together with its direct and indirect subsidiaries, Accenture ) proposes to acquire approximately 80% to 90% of the shares in (and control of) Dragos, Inc. (together with its direct and indirect subsidiaries, including Phosphorus Security LLC ( Phosphorus ), Dragos ). Accenture is a global professional services company headquartered in Dublin, Ireland. It provides a broad range of services across strategy, consulting, digital, technology, and operations designed to assist public and private clients. Accenture provides a range of services in the cybersecurity space from strategic planning through managed security services, operating as both a strategic consultant and systems integrator, working with technology solution partners to offer full-service offerings to customers. Dragos is a global supplier of Operational Technology ( OT ) cybersecurity asset discovery, vulnerability management and threat detection technology, as well as threat intelligence and related services. Its subsidiary, Phosphorus, provides extended Internet of Things ( xIoT ) device discovery, vulnerability identification and remediation technology. Dragos is headquartered in the US. Accenture has separately notified its proposed acquisition of runZero, Inc (MN-60031), which the ACCC is also assessing.

Industry

Broad:Professional & Business Services

Decisions and key events

26 Aug 2026Accenture - Dragos - Phase 1 DeterminationAttachmentPDF151.6 KB

Other documents

30 July 2026Questionnaire - Accenture - AcquisitionsAttachmentDOCX117.1 KB

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