Velti plc (Velti) is a global provider of mobile marketing and advertising solutions that enable brands, advertising agencies, mobile operators and media companies to implement campaigns by communicating with and engaging consumers through their mobile devices. During the year ended December 31, 2009, over 450 brands, advertising agencies, mobile operators and media companies used its solution to conduct over 2,000 campaigns. On May 8, 2009, the Company completed an acquisition of Ad Infuse, Inc. On October 9, 2009, Ad Infuse changed its name to Velti USA, Inc. In June 2010, the Company acquired Media Cannon, Inc., a developer of mobile advertising tools and technology. Its subsidiaries include Velti DR Limited, Velti US Holdings, Inc. and Velti USA, Inc. In October 2010, the Company acquired Mobclix Inc., a mobile ad exchange network.
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1/30/11 at 7:05pm