On February 29, 2016, IBM announced its intent to acquire Resilient Systems, a leader in security incident response solutions, as part of its significant expansion of IBM Security's security operations and incident response capabilities. The incident response platform, pioneered by Resilient Systems, automates and orchestrates the many processes needed when dealing with cyber incidents – from breaches to lost devices. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed.
The Cravath team was led by partners George F. Schoen and included associates Michael E. Mariani and Derrick M. Davis on M&A matters; associates Matthew Cantor and Amy C. Benford on executive compensation and benefits matters; partner J. Leonard Teti II and associates Antje Hagena and Arvind Ravichandran on tax matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law on real estate matters.
Deals & Cases
April 07, 2025
On April 7, 2025, IBM announced it has acquired Hakkoda Inc., a leading global data and AI consultancy. Hakkoda will expand IBM Consulting's data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI‑powered business operations. Cravath is representing IBM in connection with the transaction.
Deals & Cases
September 10, 2024
On September 9, 2024, IBM announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management and customer transformation. Cravath is representing IBM in connection with the transaction.
Deals & Cases
February 20, 2024
Cravath represented IBM International Capital Pte. Ltd (“IIC”) and International Business Machines Corporation (“IBM”) in connection with IIC’s $5.5 billion registered notes offering. IBM is a guarantor of the notes. IIC is a wholly owned finance subsidiary of IBM, a globally integrated innovation company, serving the needs of enterprises and institutions worldwide. The transaction closed on February 5, 2024.
Deals & Cases
January 25, 2024
On January 18, 2024, IBM announced it has signed a definitive agreement to acquire application modernization capabilities from Advanced, bringing a combination of talent, tools and knowledge to enhance IBM Consulting’s mainframe application and data modernization services. Cravath is representing IBM in connection with the transaction.
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