Post HCL-IBM deal: Domestic IT sector likely to see more IP buyouts

HCL announced this month that it would acquire select IPs from IBM, making it the largest acquisition in the domestic IT services space

Many intellectual property (IP) buyouts are likely in coming quarters after HCL Technologies (HCL) acquired select IPs from global technology giant IBM in a $1.8- billion deal this month.

IBM has IP partnerships with companies such as Wipro, Tech Mahindra, Persistent Systems, and Aricent Technologies, which is part of the French firm Altran Group post its acquisition last year. 

Analysts are of the opinion that as IBM takes a strategic call to divest its IP portfolio, IT firms with ongoing partnership with IBM are likely to buyout those IPs.

"It's a logical progression. With IBM looking out to sell its