November 28, 2014 10:17 AM ET

Internet Software and Services

Company Overview of Velti Plc

Company Overview

Velti plc provides mobile marketing and advertising technology and solutions for brands, advertising agencies, mobile operators, and media companies primarily in Europe, the Americas, Asia, and Africa. It operates Velti mGage platform that enables brands to build, plan, execute, and measure integrated advertising and marketing campaigns across various channels. The company’s products include mGage Advertise, an enterprise grade ad server that simplifies conversion tracking to provide brands insight into campaign performance; mGage Create, a mobile Web development platform that enables brands and agencies to create, deploy, host, and measure mobile sites that can be rendered on various device...

28-32 Pembroke Street Upper

First Floor

Dublin,  2

Ireland

Founded in 2000

1,135 Employees

Phone:

353 1 234 2676

Key Executives for Velti Plc

Co-Founder
Age: 42
Total Annual Compensation: $1.0
Co-Founder
Age: 46
Total Annual Compensation: $1.0
Chief Commercial Officer
Age: 40
Total Annual Compensation: $1.0
Chief Administrative Officer and General Counsel
Age: 55
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2012.

Velti Plc Key Developments

The Weiser Law Firm, P.C. and Labaton Sucharow, LLP Announces Proposed Partial Settlement on Behalf of Purchasers of Velti plc Securities

The Weiser Law Firm, P.C. and Labaton Sucharow, LLP announced the Pendency and Proposed Partial Settlement of Class Action involving Velti plc. Pursuant to an Order of the United States District Court for the Northern District of California, a hearing will be held on January 14, 2015, at 2:00p.m., before the Honorable William H. Orrick, United States District Judge, at the San Francisco Courthouse of the United States District Court for the Northern District of California, 450 Golden Gate Avenue, Courtroom 2, San Francisco, CA, for the purpose of determining: whether the Court should certify the Settlement Class for purposes of the Partial Settlement pursuant to Federal Rule of Civil Procedure 23; whether the Partial Settlement of the Action consisting of $9,500,000.00 in cash plus accrued interest on the Settlement Fund should be approved as fair, reasonable, and adequate; whether, thereafter, this Action should be dismissed with prejudice against the Released Defendants as set in the Settlement Agreement dated May 23, 2014; whether the Plan of Distribution of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; the reasonableness of the application of Lead Counsel for the payment of attorneys' fees and expenses in connection with this Action, together with interest thereon, which will be subtracted from the Settlement Fund prior to distribution of any award to the Class Members; and such other matters as the Court may deem appropriate.

Velti plc Announces Board Changes

Velti plc's Board of Directors announced that David W. Mann and David C.D. Hobley have each tendered his resignation as members of the Board of Directors and as Chairman of the Board and Chairman of the Audit Committee, respectively, effective January 24, 2014.

Velti Announces Resignation of Officers and Director

Velti Plc announced that Jeff Ross has resigned his position as chief financial officer and Phokion Potamianos has resigned his position as director of the company. Both resignations are effective immediately. Additionally, Mari Baker is stepping down from her role as Chief Operating Officer, and will remain as a director. There are no replacements announced at this time.

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