IBM’s Acquisition of Assets from Spanugo

On June 15, 2020, IBM and Spanugo announced they have entered into a definitive agreement to acquire assets from Spanugo, a U.S.‑based provider of cloud cybersecurity posture management solutions. By integrating Spanugo software into its public cloud, IBM will further meet the security demands of its clients in highly regulated industries. Cravath is representing IBM in connection with the transaction.

The Cravath team is led by partners George F. Schoen and Ting S. Chen and includes associates Matthew M. Kelly and Joel B. Tay on M&A matters; partner J. Leonard Teti II and associates Peter W. Rogers and Carlos Nicholas Obando on tax matters; associate Christopher C. Gonnella on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law and practice area attorney Laurel R. Berkowitz on real estate matters. Brendon J. Rivard also worked on executive compensation and benefits matters.