Ebix, Inc. (NasdaqGS:EBIX) will look for acquisitions. Ebix North American President, Ash Sawhney sais, "While we are pleased with the positive momentum in organic growth, we also anticipate supplementing this with strategic acquisitions once the India IPO gives us the flexibility. We expect there to be a shakeout in the market.

Several companies that have mushroom during the past boom years with business models that were showing heavy losses in exchange of promises of future growth will likely not survive. Ebix will be in a good position to acquire some of these businesses at distressed valuations".