So where did all the money go? We asked several senior executives at Velti for comment, and they all declined to speak on the record. A spokesperson for the company also declined to comment.

Velti, one of the leading mobile advertising and marketing technology firms worldwide, on April 30 cut an estimated 200 to 250 employees from its workforce a couple of weeks ahead of its first-quarter ...

Velti has completed the acquisition of CASEE, China’s largest mobile advertising exchange and mobile ad network, with the successful purchase of the remaining 67 per cent equity in CASEE that it did ...