Velti Names Former Microsoft Veteran As Chief Revenue Officer

Velti (NASDAQ:VELT), the leading global provider of mobile marketing and advertising technology, today announced the addition of Harry Patz as Chief Revenue Officer to the Velti Executive team. Patz joins Velti after 20 years of experience at Microsoft Corporation, where he most recently served as Vice President of the Communications Sector North America for Mobile, Media Video, Cloud and Enterprise. As CRO at Velti, Patz will be responsible for driving the revenue strategy and operations in North America.

“Harry has an outstanding reputation in the industry for producing results,” said Alex Moukas, CEO of Velti. “We’re looking forward to having him play an integral role as we continue to grow our presence in the U.S.”

“As a leader in the industry and in shaping the rapidly-evolving mobile marketing and advertising industry, Velti is uniquely positioned for hyper-growth,” said Patz. “I am very excited to join the Velti team and assist in spearheading the company’s strategic operations and driving revenue.”

While at Microsoft, Patz successfully managed and grew $1B of the Microsoft Communications Sector Business in North America and was recognized for his work with the FY10 U.S. Subsidiary Industry of the Year award. His diverse portfolio extends to mentoring and incubating a number of startups, acting as the president and founder of Gondolin Advisors LLC, serving on numerous advisory boards including Wavo and Notesolution and providing advisory services to Verizon’s Telematics Business.

Also joining the Velti team as a recent hire is Jesper Helt, SVP of Human Resources. Helt hails from SuccessFactors, where he served as VP of Business HR. He had joint responsibility for overall company and personnel strategy, successfully revamping the entire on-boarding experience to maximize productivity and immersion in company values and brand ambassadorship. He’s also held prior roles at Hewlett Packard and Novo Nordisk A/S.

Led by a strong executive team, Velti continues to shape the future of the mobile marketing and advertising industries by enabling brands, agencies, mobile operators and publishers to implement highly-targeted, interactive and measurable campaigns by communicating with and engaging consumers via their mobile devices.

About Velti

Velti is the leading global provider of mobile marketing and advertising technology and solutions that enable brands, advertising agencies, mobile operators and media to implement highly targeted, interactive and measurable campaigns by communicating with and engaging consumers via their mobile devices. The Velti platform, called Velti mGage™, allows customers to use mobile and traditional media to reach targeted consumers, engage the consumer through the mobile Internet and applications, convert them into customers and continue to actively manage the relationship through the mobile channel. Velti is a publicly held corporation based in Jersey, and trades on the NASDAQ Global Select Market under the symbol VELT. For more information, visit  www.velti.com.

Copyright Business Wire 2010

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