London-based ShoZu was backed by over $36 million in funding from SEB Venture Capital and Atlas Ventures, among others; its most recent round was worth $12 million in early 2008. Dublin-based Critical Path is a private company backed by General Atlantic Partners and Cheung Kong Group.
ShoZu chairman and CEO Chris Wade (pictured) will stay on post-acquisition in an advisory role for a short time, per TechCrunch; the rest of the company’s staff will join Critical Path full time. The company says it will continue to operate ShoZu’s apps for the foreseeable future, though the content-sharing technology will likely be added to Critical Path’s enterprise-facing products in the future. Release (via Mobile Industry Review).