Velti has Acquired Air2Web
San Francisco, CA. October 4, 2011
Velti (Nasdaq:VELT), a leading mobile marketing and advertising technology provider for brands, advertising agencies, mobile operators and media, today announced it has completed its acquisition of Air2Web, a provider of mobile customer relationship management (mCRM) solutions in the United States and India for many of the world's most trusted consumer brands. The acquisition agreement between Velti and Air2Web was announced on September 22, 2011. "The combination of Velti and Air2Web is an important milestone for Velti," said Alex Moukas, Chief Executive Officer. "It further deepens Velti's U.S. footprint and provides improved access to carriers and verticals such as the financial services industry. In India, Air2Web expands Velti's footprint in the second largest mobile market by subscribers, providing Velti a stronger foundation to continue to service the Indian market."
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