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.

The Cravath team is led by partner George F. Schoen and includes associates Monica He and Nikita B. Patel on M&A matters; partner J. Leonard Teti II, of counsel Kiran Sheffrin and associates Megan Samayoa and Jessica Shung on tax matters; senior attorneys Arian Mossanenzadeh and Aaron S. Cha and associate Louis (Jay) Kober on executive compensation and benefits matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; partner Jesse M. Weiss and associates Lauren N. Reisig and Dashaya Foreman on antitrust matters; senior attorney Joyce Law and practice area attorney Lauren Piechocki on real estate matters; and partner Matthew M. Kelly on financing matters. Lindsey Corbett also worked on financing matters.