Cravath, Swaine & Moore LLP Logo
  • Practices
  • People
  • Careers
  • News & Insights
  • Practices
  • People
  • Careers
  • News & Insights
  • Our Story
  • The Cravath System
  • Diversity & Inclusion
  • Pro Bono
  • Alumni Journal
  • 200.Cravath

Cravath’s London Office Moves to 100 Cheapside

Read More

News & Insights

IBM’s $1.8 Billion Sale of Select Software Products to HCL

December 06, 2018

On December 6, 2018, IBM and HCL Technologies (“HCL”) announced a definitive agreement under which HCL will acquire select IBM software products, including Appscan, BigFix, Commerce, Connections, Notes & Domino, Portal and Unica, for $1.8 billion. The software products in scope represent a total addressable market of over $50 billion. Cravath is representing IBM in connection with the transaction.

The Cravath team is led by partner George F. Schoen and includes associates Matthew L. Ploszek, Rami Totari and Stephanie M. Park on M&A matters; partner J. Leonard Teti II and associates Peter W. Rogers and Jiyeon K. Barta on tax matters; associates Sally Ye and Alison E. Beskin on executive compensation and benefits matters; and senior attorney Jesse M. Weiss on antitrust matters. Michael P. E. Dooley also worked on M&A matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Tax
  • Executive Compensation and Benefits
  • Antitrust
  • Antitrust
  • Technology

People

Photo
Name
George F. Schoen
Title
Corporate
Title
Partner
Email
gschoen@cravath.com
Phone
+1-212-474-1740
vCard
Download vCard

    Education

    • J.D., 1998, University of Chicago Law School
      with Honors
    • B.A., 1994, Cornell University

    Admitted In

    • New York
    Photo
    Name
    J. Leonard Teti II
    Title
    Tax
    Title
    Partner
    Email
    lteti@cravath.com
    Phone
    +1-212-474-1896
    vCard
    Download vCard

      Education

      • J.D., 2005, University of Virginia School of Law
        Order of the Coif
      • A.B., 1999, Princeton University
        with Honors

      Admitted In

      • New York

      Related News & Insights

      Deals & Cases

      April 07, 2025

      IBM’s Acquisition of Hakkoda

      On April 7, 2025, IBM announced it has acquired Hakkoda Inc., a leading global data and AI consultancy. Hakkoda will expand IBM Consulting's data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI‑powered business operations. Cravath is representing IBM in connection with the transaction.

      Deals & Cases

      September 10, 2024

      IBM’s Acquisition of Accelalpha

      On September 9, 2024, IBM announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management and customer transformation. Cravath is representing IBM in connection with the transaction.

      Deals & Cases

      February 20, 2024

      IBM International Capital’s $5.5 Billion Registered Notes Offering

      Cravath represented IBM International Capital Pte. Ltd (“IIC”) and International Business Machines Corporation (“IBM”) in connection with IIC’s $5.5 billion registered notes offering. IBM is a guarantor of the notes. IIC is a wholly owned finance subsidiary of IBM, a globally integrated innovation company, serving the needs of enterprises and institutions worldwide. The transaction closed on February 5, 2024.

      Deals & Cases

      January 25, 2024

      IBM’s Acquisition of Application Modernization Capabilities from Advanced

      On January 18, 2024, IBM announced it has signed a definitive agreement to acquire application modernization capabilities from Advanced, bringing a combination of talent, tools and knowledge to enhance IBM Consulting’s mainframe application and data modernization services. Cravath is representing IBM in connection with the transaction.

      Cravath Bicentennial

      Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

      Explore

      Cravath, Swaine & Moore LLP Logo
      • CONTACT US
      • OUR STORY
      • ALUMNI PORTAL
      • DISCLAIMERS & NOTICES

      Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.