‘Successful
outcome for both companies;’ ‘start of next phase of growth’
LONDON, January 5, 2010 – ShoZu, issued the following
statement in conjunction with news of today’s acquisition of the award-winning
social media hub by Critical Path, Inc.,
a leading provider of messaging applications and enterprise solutions:
“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. “We couldn’t be more pleased with the seamless fit of our combined
technology and approach to serving the market and the opportunity for our
outstanding engineering team to continue to make important technical
contributions to Critical Path going forward. We strongly believe in the
roadmap for our future together serving Critical Path’s traditional customers,
as well as new users attracted by the power of our combined applications. The acquisition of ShoZu by Critical
Path really is a beneficial matchup for both companies — resulting in a
powerful capability for elegantly sharing, communicating and collaborating on
information that’s at the core of personal and business relationships.”
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.”
Chris Wade concludes, “I also can’t speak highly
enough about the support from the team at SEB Venture Capital UK, the lead
investors in ShoZu, as well as the significant contribution from our
communications agency, Comunicano, and its CEO, Andy Abramson.”
# # #
About ShoZu
ShoZu is an intelligent social media hub used by people worldwide to
enrich connections with the people in their lives by effortlessly exchanging
video, pictures and commentary between mobile devices and favorite social
networks, photo sharing sites and information resources. The company’s patented
technology provides fast, easy, one-click uploads of photos and video clips
from the mobile to the Web, full-resolution photo and video delivery without
compression, an emerging suite of services that push content to the phone, the
ability to work in the background even if a connection is dropped, and other
unique features that simplify and enhance the user experience. The
company was founded in 2000 and has formed partnerships with some of the
leading players in the mobile ecosystem, including Motorola and Samsung.
About Critical Path, Inc.
Critical
Path’s Memova® suite of applications and services are chosen by leading service
providers and enterprises around the world to enable millions of people to
communicate, connect, share and organize while providing industry-leading
safety and assurance. With offices
around the globe, Critical Path supports companies with their deployments of
Memova solutions to drive revenue, boost loyalty, streamline operations and
reduce costs. More information is available at www.criticalpath.net.
Note to Editors: Critical Path, the Critical Path logo,
Messages that Matter, The World is Mobile, AppLink, Memova and the Memova logo
are the trademarks of Critical Path, Inc., registered in various jurisdictions.
All other trademarks are the property of their respective holders.
Media contacts:
Critical Path, Inc.
Hotwire
Annette Leach
+44 (0)207 608 2500
criticalpath@hotwire.com
Susan Smart
pr@criticalpath.net
ShoZu
Sue Huss, for ShoZu
sue.huss@comunicano.com
+1 619-379-4396






