IBM’s Acquisition of Turbonomic

Cravath represented IBM in the transaction.

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. 


Boston-based Turbonomic provides companies with software to boost the real-time performance and compliance of their applications. It last raised $70 million from Trend Forward Capital and Highland Capital Partners at a valuation of $963 million in September 2019, according to PitchBook Data. 


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 advising IBM was led by partner George F. Schoen (Picture) and included associate William F. Roegge on corporate matters; partner Andrew W. Needham and associate Richard Bohm on tax matters; partner Jennifer S. Conway, senior attorney Nicole F. Foster and 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.

Involved fees earner: Laurel Berkowitz – Cravath Swaine & Moore; Richard Bohm – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Jennifer Conway – Cravath Swaine & Moore; David Crampton – Cravath Swaine & Moore; Margaret Segall D’Amico – Cravath Swaine & Moore; Nicole Foster – Cravath Swaine & Moore; Peter Kim – Cravath Swaine & Moore; Joana Li – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Andrew Needham – Cravath Swaine & Moore; Nicole Peles – Cravath Swaine & Moore; William Roegge – Cravath Swaine & Moore; George Schoen – Cravath Swaine & Moore; Malikah Williams – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: IBM;

Author: Martina Bellini