Exhibit 21.1

Subsidiaries of Registrant as of December 31, 2009

Subsidiary name	Proportion held			Country of operation
Velti DR Limited		100	%	U.K.
Velti US Holdings, Inc.		100	%	U.S.
Velti North America, Inc.		86.33	%	U.S.
Velti North America Holdings, Inc.		100	%	U.S.
Velti USA, Inc.		100	%	U.S.
Velti S.A.		100	%	Greece
Velti Center for Innovation S.A.		100	%	Greece
mPoint S.A.		50	%	Greece
Velti M-Telecom Limited		100	%	U.K.
Velti EOOD		100	%	Bulgaria
Velti Platforms and Services Limited		100	%	Cyprus
Velti Mobile Marketing Technology LLC		100	%	Russia
Velti Ukraine Mobile Marketing Services LLC		100	%	Ukraine
Velti Services Ltd.		100	%	British Virgin Islands
Velti Mobile Ltd.		100	%	British Virgin Islands
Velti Services India Private Ltd.		100	%	India
Velti Holdings Cyprus Ltd.		100	%	Cyprus