Velti Plc (VELT) announced Tuesday morning that it has closed a $27 million, 2-year deal to provide its mobile marketing technology to a major U.S. brand.
Velti gapped open sharply higher Tuesday, but was range-bound throughout the session. The stock closed up by 1.10 at $9.70 on above average volume. Velti has been rising for the past 2 weeks and set a 4-month high.
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