Velti Appoints Jeff Ross as New Chief Financial Officer

  Velti Appoints Jeff Ross as New Chief Financial Officer

 Former Sybase CFO and PWC Executive Brings 25 Years of International Finance
                                  Experience

Business Wire

DUBLIN & SAN FRANCISCO -- December 17, 2012

Velti (NASDAQ: VELT), the leading global provider of mobile marketing and
advertising technology and solutions, today announced the appointment of Jeff
Ross as the company’s Chief Financial Officer, effective Monday January 7,
2013. With more than 25 years of international finance experience, including
at Sybase and PricewaterhouseCoopers, Ross is the fourth senior executive to
join Velti's top ranks in the past six months.

Ross joins Velti from Sybase, where he has been Chief Financial Officer since
2007 and was before Chief Accounting Officer and Corporate Controller, until a
$6.8 billion acquisition by SAP.He was responsible for developing,
communicating, and monitoring all financial aspects of the company’s overall
strategic plan, including controlling, financial planning and analysis,
corporate development, tax, treasury, and investor relations. Prior to his
promotion to Chief Financial Officer, Ross was Chief Accounting Officer and
Corporate Controller of Sybase.

“Jeff is a highly accomplished and respected financial executive in the
technology industry and, we are thrilled to have him join our team,” said Alex
Moukas, Velti Chief Executive Officer. “His track record of providing
strategic leadership and driving balanced growth and cash generation will help
us further Velti’s position as the leader in mobile marketing and advertising
technology for brands and advertisers. Jeff will lead the initiatives we have
already commenced reviewing our organization and customer base, remaining
focused on cash generation, ongoing reduction of operating and capital
expenses and growth in our key markets.”

“With the recent additions of Jeff as CFO, Harry Patz as Chief Revenue
Officer, Jason Hoffman as SVP Product Management and Jesper Helt as SVP Human
Resources, we are well positioned as we start the next stage of our
development” added Moukas.

“Velti is playing a leading role in helping to shape the rapidly evolving
mobile marketing and advertising industry, and is uniquely positioned with its
extensive global presence and potential,” said Ross. “I am very excited to
join the Velti team and lead the company’s financial operations, with a focus
on cash flow generation and growth in key markets.”

Wilson Cheung, Velti’s current Chief Financial Officer, will remain with Velti
and transition into a new role in its fast-growing Asian markets. “As we
welcome Jeff to Velti, we also want to thank Wilson for all of the effort that
he provided in the last 3 years,” said Moukas. “We look forward to his
continued contributions and thank him for his commitment to a smooth
transition to Jeff,” concluded Moukas.

Contact:

SutherlandGold Group for Velti
Paul Loeffler, 510-593-6765
Velti at sutherlandgold dot com
 
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