IncrediMail acquires BizChord

IncrediMail will pay a total of $750,000 for BizChord, including $525,000 in cash and the balance in shares.

IncrediMail, a software company specializing in consumer products and services on the Internet, said over the weekend it acquired BizChord Ltd., a Tel Aviv-based transaction processing company that has provided IncrediMail with processing services since 1999. IncrediMail will pay a total of $750,000 for BizChord, including $525,000 in cash and the balance in shares. "We've learned to value BizChord's stellar processing record, and by bringing the online transaction process in-house we will improve user experience, reduce costs and enhance profitability," said IncrediMail CEO Yaron Adler.