On August 15, 2013, IBM announced it has entered into a definitive agreement to acquire Trusteer, a privately held company with locations in Boston, Massachusetts, and Tel Aviv, Israel. Cravath represented IBM in connection with this transaction, which is subject to customary closing conditions and is expected to close in the third quarter of 2013. Trusteer is a leading provider of advanced security and threat‑intelligence solutions that help protect organizations against financial fraud, malware and data breaches.
The Cravath team included partner George F. Schoen and associates Jane K. Manning and Allison M. Wein on corporate matters; partner Jennifer S. Conway and associates Nicole F. Foster, Jarrett R. Hoffman and Michelle M. Garrett on executive compensation and benefits matters; and partners Andrew W. Needham and J. Leonard Teti II and associates Christopher K. Fargo and William B. Abbott on tax matters. Summer associate Josh Ayal also worked on corporate matters.