Willkie Farr & Gallagher LLP
01/17/2025 | News release | Distributed by Public on 01/17/2025 15:12
Willkie Advises on Sale of Applications Software Technology to IBM
Willkie Advises on Sale of Applications Software Technology to IBM
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January 17, 2025
Willkie is representing Recognize and its portfolio company Applications Software Technology LLC (AST), a global Oracle consultancy, in the sale of AST to IBM.
On January 16, IBM announced its intent to acquire AST, a leading provider of Oracle solutions covering areas like business process redesign and Oracle Cloud deployment. In addition to its strong public sector presence, AST serves commercial clients in the manufacturing, energy and consumer packaged goods industries.
Willkie previously advised Recognize on its investment in AST in 2022, and on AST's subsequent acquisitions of 9Edge and Symatrix, among numerous other transactions.
Recognize is a private equity firm focused on investing in digital services businesses.
The Willkie team is led by partners Eric Halperin and Andrew Marmer and includes partners Geri Anne McEvoy, Matthew Makover and Vadim Mahmoudov and associate Nidhi Modani.
On January 16, IBM announced its intent to acquire AST, a leading provider of Oracle solutions covering areas like business process redesign and Oracle Cloud deployment. In addition to its strong public sector presence, AST serves commercial clients in the manufacturing, energy and consumer packaged goods industries.
Willkie previously advised Recognize on its investment in AST in 2022, and on AST's subsequent acquisitions of 9Edge and Symatrix, among numerous other transactions.
Recognize is a private equity firm focused on investing in digital services businesses.
The Willkie team is led by partners Eric Halperin and Andrew Marmer and includes partners Geri Anne McEvoy, Matthew Makover and Vadim Mahmoudov and associate Nidhi Modani.
Geri Anne McEvoy Partner Executive Compensation & Employee Benefits
New York [email protected] +1 212 728 8877