IBM’s Acquisition of 7Summits


Cravath represented IBM in connection with the transaction.

IBM 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.

International Business Machines Corporation (IBM) is an American multinational technology and consulting company headquartered in Armonk, New York, with more than 350,000 employees serving clients in 170 countries.

The Cravath team was led by partners George F. Schoen (Picture) 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; partner Jennifer S. Conway and 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.

Involved fees earner: Laurel Berkowitz – Cravath Swaine & Moore; Jennifer Conway – Cravath Swaine & Moore; Aaron Feuer – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; Christopher Gonnella – Cravath Swaine & Moore; Matthew Kelly – Cravath Swaine & Moore; Joyce Law – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Andrew Needham – Cravath Swaine & Moore; George Schoen – Cravath Swaine & Moore; Courtney Seager – Cravath Swaine & Moore; Joel Tay – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: IBM;

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Author: Ambrogio Visconti