Privately-held Critical Path, a leading provider of messaging software and services, has purchased the business and assets of ShoZu. The acquisition of ShoZu’s mobile social media services significantly advances Critical Path’s delivery of consumer-focused mobile and social networking solutions across the entire range of mobile platforms.
There are substantial strategic customer advantages for both Critical Path and ShoZu customers from this acquisition. Critical Path has long been a leading provider of white-labeled messaging and consumer applications platforms to service providers, focused primarily on mass-market devices.
“We’re delighted to have found the perfect home for the ShoZu brand and service in Critical Path,” said Chris J. Wade, Chairman and CEO.
Nigel Pilkington, ShoZu Board Director from SEB Venture Capital UK, said: “We are very pleased with the transaction and delighted with Chairman Chris Wade’s role in creating and completing this agreement. Chris came in on a day-to-day basis at a critical juncture when he took on the additional responsibilities of CEO in June 2009 and very quickly managed the company to a successful outcome for us.”
ShoZu adds award-winning mobile applications for sharing media and personal experiences across the most popular social networks, with native support for the leading smartphone platforms. The combined set of capabilities provides consumers with a complete social networking and personal communications capability, ranging from the simplest mobile device to the most advanced.