IBM’s Acquisition of Resilient Systems

On February 29, 2016, IBM announced its intent to acquire Resilient Systems, a leader in security incident response solutions, as part of its significant expansion of IBM Security's security operations and incident response capabilities. The incident response platform, pioneered by Resilient Systems, automates and orchestrates the many processes needed when dealing with cyber incidents – from breaches to lost devices. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed.

The Cravath team was led by partners George F. Schoen and included associates Michael E. Mariani and Derrick M. Davis on M&A matters; associates Matthew Cantor and Amy C. Benford on executive compensation and benefits matters; partner J. Leonard Teti II and associates Antje Hagena and Arvind Ravichandran on tax matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law on real estate matters.