Velti Inc., a provider of technology for marketing on mobile devices, filed for bankruptcy protection to arrange a sale of its U.S. businesses, Bloomberg News reported today. The company, with operations in San Francisco, plans to auction some assets with an affiliate of GSO Capital Partners, the credit division of Blackstone Group LP, acting as the stalking-horse bidder, according to Velti. Velti, a U.S. unit of Velti Plc, listed assets of $10 million to $50 million and debt of $50 million to $100 million in chapter 11 documents filed today.
