On April 29, 2021, IBM announced a definitive agreement to acquire Turbonomic, an Application Resource Management and Network Performance Management software provider. The acquisition will provide businesses with full stack application observability and management to assure performance and minimize costs using AI to optimize resources. Cravath is representing IBM in connection with the transaction.
The Cravath team is led by partner George F. Schoen and includes associate William F. Roegge on corporate matters; partner Andrew W. Needham and associate Richard Bohm on tax matters; associate David Crampton on executive compensation and benefits matters; partner Margaret T. Segall and practice area attorney Nicole M. Peles on regulatory matters; partner Matthew Morreale on environmental matters; and practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters. Peter Kim also worked on corporate matters, Joana W. Li worked on tax matters and Malikah I. Williams worked on regulatory 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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