Velti Acquires Media Cannon

http://www.marketwire.com/press-release/Velti-Acquires-Media-Cannon-LSE-VEL-1270355.htm

Velti a leading global provider of mobile marketing and advertising technology, today announced the acquisition of Media Cannon, Inc. ("Media Cannon"), a developer of mobile advertising tools and technology, for an undisclosed sum.
This acquisition provides Velti with a complementary technology platform and proprietary solutions that enable an even richer mobile advertising and mobile Internet user experience, as well as a series of mobile marketing "post click" interactions. The Media Cannon platform also delivers carrier-class infrastructure, API access, transcoding, support and reporting tools for mobile campaign development, delivery and evaluation.