IBM’s Strategic Partnership with SYNNEX
September 11, 2013
On September 10, 2013, IBM and SYNNEX Corporation announced a definitive agreement in which SYNNEX will acquire IBM’s worldwide customer care business process outsourcing services business for $505 million, consisting of approximately $430 million in cash and $75 million in stock. Cravath represented IBM in connection with this transaction.
As part of the transaction, SYNNEX will enter into a multi‑year agreement with IBM, and Concentrix, a wholly owned subsidiary of SYNNEX, will become an IBM strategic business partner for global customer care business process outsourcing services.
The Cravath team included associate Ting S. Chen on M&A matters; partner J. Leonard Teti II and associates Matthew O. Williams and Jason A. Sacks on tax matters; associates Jarrett R. Hoffman and Matthew Cantor on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; and practice area attorney Joyce Law on real estate matters. Laura E. Hansell also worked on M&A matters.
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People
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
- New York
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
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J.D., 2006, Stanford Law School
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A.B., 2003, Harvard CollegePhi Beta Kappa, summa cum laude
- New York
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J.D., 1997, Boston University School of Law
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B.Comm., 1994, University of AlbertaDistinction
- New York
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