On December 5, 2011, IBM announced that it has signed a definitive agreement to acquire Dublin, Ireland-based Cúram Software Ltd. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed.
Cúram Software is currently used in more than 80 government agency projects around the world. The acquisition is anticipated to close by the end of December 2011, subject to the satisfaction of customary closing conditions and applicable regulatory reviews.
The Cravath team included partner Damien R. Zoubek and associate Ross M. Leff on corporate matters; partner Andrew W. Needham and associate Jonathan J. Katz on tax matters; partner Jennifer S. Conway, practice area attorney Michael Krasnovsky and associates Audry X. Casusol and Michelle M. Garrett on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Lucy Demery and Antje Hagena also worked on corporate and tax matters, respectively.