San Francisco,
Calif. –
Velti, a U.K.-based
developer of mobile marketing and advertising technology, said on Thursday that
it has acquired Media Cannon, a developer of mobile advertising tools and

Financial terms of the deal were not disclosed.

Velti, which plans
to integrate San Francisco-based Media Cannon’s management team and staff into
its San Francisco office, said that the
acquisition gives it a complimentary technology platform, as well as several
key U.S.

"Together with our acquisition of Ad Infuse last year, this
deal illustrates the strength of our commitment to the U.S. market," said Velti CEO
Alex Moukas.


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