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Velti and Infinian Partner to Bring Mobile Coupons Full Circle
By: Business Wire
Dec. 10, 2012 01:16 PM
Velti (NASDAQ: VELT), the leading global provider of mobile marketing and advertising technology, today announced a partnership with Infinian, the leader in coupon redemption tracking, to provide marketers a complete and seamless end-to-end mobile solution. From coupon creation and distribution tools, to in-store redemption and targeted marketing, the partnership helps consumers and brands engage on an entirely new level.
“This partnership extends mobile marketing to the in-store experience,” said Jonathan Knight, CEO, Infinian. “The data we collect by closing the loop on loyalty transactions, coupon distribution and redemption allows Velti to help brands better understand purchase behavior and therefore deliver more relevant offers and promotions to consumers on a true 1:1 basis.”
As part of this new solution to bring consumers an innovative in-store experience, Velti creates, supplies, and distributes the coupons for brands, while Infinian enables retailers to redeem and track the interactions—allowing marketers to effectively complete the purchasing loop and to remarket to these consumers. When consumers receive a coupon on their mobile device, they’ll have the ability to redeem it in store directly from their phone or tablet.
Infinian’s direct link to Point of Sale (POS) systems for in-store redemption of mobile coupons provides Velti with a wealth of user purchase data to optimize future promotions for brands. This is an important step, as a recent study by Juniper Research1 highlights that mobile coupons are becoming increasingly pervasive. The study projects that by 2016 the redemption rate worldwide will reach 8 percent, which is an eightfold increase over the most successful paper coupon campaigns. In that same timeframe, redemption values will exceed $43 billion, with 600 million mobile coupon users around the globe.
“Velti’s strength lies in providing tools and solutions for marketers to effectively use the mobile channel to achieve positive ROI,” said Sunil Verma, Chief Business Development Officer, Velti. “Not only is this partnership a great supplement to our existing solution, it advances the entire mobile marketing industry by providing a new link between brands and consumers. The data collected allows us to optimize offers based on audience, for example determining if women prefer 50 percent off coupon vs. a free cookie, which will greatly benefit consumers.”
The initial focus in rolling out the platform will be at some of consumers’ favorite quick-service restaurants around the country. Infinian currently works with a number of renowned brands including Outback, McDonald’s, and Burger King.
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.
Infinian is the leading provider of cloud based loyalty and couponing solutions for marketing organizations around the globe. The solution enables brands to create and track incentives through multiple distribution channels such as Facebook, twitter, and email, thus gaining insights into specific customer purchase behavior. Since all incentives reside in the cloud learning’s can be applied in real time, thus freeing marketing organizations from the constraints of their POS systems, without having to make any expensive upgrades. Fraud is also completely eliminated. Infinian is a private company based in Los Altos CA.
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