IncrediMail Signs 2-Year Deal With Google, Shares up 5.6% (MAIL, GOOG)
Shares of IncrediMail Ltd. (Nasdaq: MAIL) are trading up 5.6% at $7.50 per share during the Monday afternoon trading session.
The company announced on Monday morning that it had signed a new 2-year agreement with Google Inc. (Nasdaq: GOOG).
CEO Josef Mandelbaum said, “We are very pleased and proud to extend our collaboration with Google, the global search market leader. The new agreement provides the basis for a more extended relationship and I am looking forward to working closely with Google to grow our existing business with them and to find other areas of cooperation that will further strengthen our partnership."
The day's trading range for shares of IncrediMail Ltd has been between $7.33 and $8.08 per share.
Trading volume for IncrediMail Ltd. (MAIL) has been heavy, with 329,000 shares having been traded today, already nearly 5 times the daily average volume of 68,000 shares.
IncrediMail Ltd is a digital media company that builds, acquires and enhances downloadable consumer applications.
The company's award winning e-mail client product, IncrediMail Premium, is sold in over 100 countries in 10 different languages.
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