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IBM's Sale of Algorithmics Assets to SS&C

On September 25, 2019, IBM and SS&C Technologies Holdings, Inc. (“SS&C”) announced a definitive agreement under which SS&C will acquire certain Algorithmics and related assets from IBM. Algorithmics provides leading risk analytic products and services for the financial services industry worldwide and addresses market, credit and liquidity risk, as well as capital management.

The Cravath team is led by partners George F. Schoen and Keith Hallam and includes associates Matthew L. Ploszek, Jieun Lim and Gabriel J. Rust‑Tierney on M&A matters; partner Jennifer S. Conway and associates Matthew J. Bobby and Aaron J. Feuer on executive compensation and benefits matters; partner J. Leonard Teti II and associates Peter W. Rogers and Jiyeon K. Barta on tax matters; senior attorney Joyce Law and practice area attorney Laurel R. Berkowitz on real estate matters; and senior attorney Jesse M. Weiss on antitrust matters.