On May 3, 2018, IBM announced that it has acquired Armanta, Inc. (“Armanta”), a provider of aggregation and analytics software to financial services firms. With this acquisition, IBM will help clients further integrate their risk management practices with other front or back office functions, while also establishing a common set of data, analytics and reports for business-wide consistency. Cravath represented IBM in connection with the transaction.
The Cravath team was led by partners George F. Schoen and Ting S. Chen and included associate Zara Bari on M&A matters; partner Jennifer S. Conway, senior attorney Nicole F. Foster and associates Aaron J. Feuer and Alison E. Beskin on executive compensation and benefits matters; and partner J. Leonard Teti II and associate Tara L. Rhoades on tax matters. Kevin P. Gibson also worked on M&A matters.