IBM’s Acquisition of Turbonomic

On April 29, 2021, IBM announced a definitive agreement to acquire Turbonomic, an Application Resource Management and Network Performance Management software provider. The acquisition will provide businesses with full stack application observability and management to assure performance and minimize costs using AI to optimize resources. Cravath is representing IBM in connection with the transaction.

The Cravath team is led by partner George F. Schoen and includes associate William F. Roegge on corporate matters; partner Andrew W. Needham and associate Richard Bohm on tax matters; associate David Crampton on executive compensation and benefits matters; partner Margaret T. Segall and practice area attorney Nicole M. Peles on regulatory matters; partner Matthew Morreale on environmental matters; and practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters. Peter Kim also worked on corporate matters, Joana W. Li worked on tax matters and Malikah I. Williams worked on regulatory matters.