On May 2, 2012, IBM announced a definitive agreement to acquire Tealeaf Technology, Inc., a leading provider of customer experience analytics software. Cravath represented IBM in connection with this transaction, which is expected to close in the second quarter of 2012. Financial terms were not disclosed.
The Cravath team included partner George F. Schoen and associates John C. Duffy and Michael S. Darby on corporate matters; partner Jennifer S. Conway and associates Nicole F. Foster and Michelle M. Garrett on executive compensation and benefits matters; partner Andrew W. Needham and associates Jonathan J. Katz and William B. Abbott on tax matters; and partner Matthew Morreale on environmental matters.