On December 15, 2011, IBM announced a definitive agreement to acquire Emptoris Inc., a leading provider of “cloud” and on-premise analytics software that brings more intelligence to procurement and supply chain operations. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed. The acquisition is anticipated to close in the first quarter of 2012, subject to the satisfaction of customary closing conditions and applicable regulatory reviews.
The Cravath team included partner Damien R. Zoubek and associate Nicholas M. Foley on corporate matters; partner Jennifer S. Conway and associates Nicole F. Foster and Kevin E. Manz on executive compensation and benefits matters; partner Andrew W. Needham and associates J. Leonard Teti II and Peter R. Ternes on tax matters; and partner Matthew Morreale on environmental matters.