Velti is a mobile marketing company offering its solutions to major mobile operators and brands.
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12 Facts About Velti
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Velti was founded in 2001, went public in London in 2006 and NASDAQ in 2011.
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Velti was founded in 2001 by Alex Moukas and Chris Kaskavelis as a software and ASP provider serving the telecommunications industry.
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Velti was one of the 10-best performing IPOs in London Stock Exchange's AIM in 2007.
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In 2008, Velti opened a new office in Beijing and made an investment in CASEE.
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In India, Velti partnered with HT Media Limited, India's second-largest media group, on a mobile marketing joint venture called HT Mobile Solutions.
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In 2009, Velti announced the acquisition of Ad Infuse, a provider of personalized mobile advertising in the US increasing the company's headcount to more than 400, including more than 200 technology staff.
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In January, 2011, Velti completed an initial public offering of 12 million common stock shares on NASDAQ under the trading symbol VELT.
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In September 2011, Velti acquired Air2Web Inc a mobile customer relationship management technology company based in Atlanta for $19 million.
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Velti demonstrated a dramatic revenue growth following its London and NASDAQ listings.
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11.
On November 4,2013, Velti sold its assets to GSO, the credit division of Blackstone.
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