Velti Reports Third Quarter 2011 Results



Velti plc (Nasdaq:VELT), the world's leading mobile marketing and advertising technology provider announced its financial results for the third quarter ended September 30, 2011.

"Our record-setting third quarter results are attributable to the strength of our technology platform, our expanded global footprint and rapid growth in our end markets," said Alex Moukas, Chief Executive Officer. "As we look forward to 2012, we are excited about our global market leadership position, our growing roster of blue chip clients, and the overall growth in smart phones and mobile marketing spending. With the acquisition of MIG we now have a solidified global leadership position for serving our growing roster of blue chip clients in the face of surging growth in smart phones and mobile marketing spending."

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