Critical Path Acquires Mobile Social Content Aggregator ShoZu

Shozu CEO Chris Wade

Mobile social content aggregator ShoZu has been acquired by mobile software firm Critical Path. Financial terms were not disclosed.

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).

Comments have been disabled for this post