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News & Insights

IBM’s Acquisition of 7Summits

January 12, 2021

On January 11, 2021, IBM announced that it has acquired 7Summits, a leading Salesforce consultancy with more than a decade of delivering digital experiences across industries. The acquisition extends IBM’s portfolio of Salesforce services and experience design capabilities and further advances IBM’s hybrid cloud and AI strategy. Cravath represented IBM in connection with the transaction.

The Cravath team was led by partners George F. Schoen and Matthew M. Kelly and includes associates Joel B. Tay and Courtney T. Seager on M&A matters; partner Andrew W. Needham and associate Rebecca L. Fine on tax matters; associates Aaron J. Feuer and Christopher C. Gonnella on executive compensation and benefits matters; partner Matthew Morreale on environmental 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. Kristina M. Hurley also worked on M&A matters and Laura S. Lee also worked on executive compensation and benefits matters.

Related Practices & Industries

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

People

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

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

    Admitted In

    • New York
    Photo
    Name
    Matthew M. Kelly
    Title
    Corporate
    Title
    Partner
    Email
    mkelly@cravath.com
    Phone
    +1-212-474-1318
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      Education

      • J.D., 2013, New York University School of Law
        John Norton Pomeroy Scholar; Benjamin Butler Scholar; Order of the Coif, magna cum laude
      • A.B., 2006, Dartmouth College
        cum laude

      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
        Jesse M. Weiss
        Title
        Litigation
        Title
        Partner
        Email
        jweiss@cravath.com
        Phone
        +1-212-474-1421
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          Education

          • J.D., 2008, Georgetown University Law Center
            magna cum laude
          • B.A., 2003, University of Maryland

          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
            +1-212-474-9999
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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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              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.

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              IBM’s Acquisition of Accelalpha

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              IBM International Capital’s $5.5 Billion Registered Notes Offering

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