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News & Insights

IBM’s Proposed Acquisition of Meteorix

September 29, 2015

On September 28, 2015, IBM announced plans to acquire Meteorix LLC, a premier Workday services partner, to help companies gain new competitive advantage by aligning people with financial performance and redefine work with the speed and simplicity of cloud‑delivered finance and human resources services. Workday is one of the world’s leading providers of enterprise cloud applications for finance and human resources operations. Cravath represented IBM in connection with this proposed transaction. Financial terms were not disclosed.

The Cravath team included associates Matthew M. Kelly and Janet Yu on M&A matters; partner Eric W. Hilfers, practice area attorney M. C. Tania Balthazaar and associate Michelle M. Garrett on executive compensation and benefits matters; partner Andrew W. Needham, senior attorney Andrew Carlon and associate June Hwang on tax matters; senior attorney Joyce Law on real estate matters; and partner Matthew Morreale on environmental matters.

Related Practices & Industries

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

People

Photo
Name
Eric W. Hilfers
Title
Executive Compensation and Benefits
Title
Partner
Email
ehilfers@cravath.com
Phone
+1-212-474-1352
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    Education

    • J.D., 1998, University of Chicago Law School
      with Honors
    • A.B., 1995, Princeton University

    Admitted In

    • New York
    Photo
    Name
    Matthew Morreale
    Title
    Corporate
    Title
    Partner
    Email
    mmorreale@cravath.com
    Phone
    +1-212-474-1534
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      Education

      • J.D., 1997, Columbia Law School
        Harlan Fiske Stone Scholar
      • M.S., 1994, University of Pennsylvania
      • B.A., 1990, University of Pennsylvania
      • B.A.S., 1990, University of Pennsylvania

      Admitted In

      • New York
      Photo
      Name
      Joyce Law
      Title
      Corporate
      Title
      Senior Attorney
      Email
      jlaw@cravath.com
      Phone
      +1-212-474-1066
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        Education

        • J.D., 1997, Boston University School of Law
        • B.Comm., 1994, University of Alberta
          Distinction

        Admitted In

        • New York
        Photo
        Name
        Andrew W. Needham
        Title
        Tax
        Title
        Retired Partner
        Email
        aneedham@cravath.com
        Phone
        +1-212-474-1999
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          Education

          • M.B.A., 1992, The Wharton School of the University of Pennsylvania
          • LL.M., 1990, Georgetown University Law Center
          • J.D., 1986, Georgetown University Law Center
          • B.A., 1982, University of Arizona College of Law

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          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.

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