Ebix, Inc. (NasdaqGS:EBIX) will look for acquisitions. Ash Sawhney, President, Insurance Services, North America, said "We are enhancing our new business and underwriting platform with a more modern architecture that is API and micro services driven. This will allow the platform to coexist in a heterogenous environment, enabling us to effectively modernize our platform.

The new low-code architecture will enable us to address the mid-tier market in a much more cost-effective manner, thereby expanding the universe of firms that we can target with a competitive and differentiated solution. All these initiatives will provide incremental revenue streams. We expect these will enable us to enhance our growth trajectory towards high-single digits in aggregate and in the low-teens for the life and annuity division. This growth can be further augmented with inorganic growth through strategic acquisitions".