International Business Machines Corporation (NYSE:IBM) acquired 7Summits, LLC from Sverica Capital Management LP and Salesforce Ventures LLC on January 11, 2021. Barclays Capital Inc. acted as financial advisor to International Business Machines. George F. Schoen, Matthew M. Kelly, Andrew W. Needham, Jennifer S. Conway, Matthew Morreale, Joyce Law, Laurel R. Berkowitz and Jesse M. Weiss of Cravath, Swaine & Moore LLP acted as legal advisor to International Business Machines Corporation.

International Business Machines Corporation (NYSE:IBM) completed the acquisition of 7Summits, LLC from Sverica Capital Management LP and Salesforce Ventures LLC on January 11, 2021. IBM acquired Instana, TruQua, Expertus along with 7Summits in fourth quarter 2021. The combined purchase pruce for these acquisitions was $723 million.