After several rounds of venturing funding, SNRLabs has been acquired by SEVEN Networks. Based in Richardson, TX, the company is a developer of software for smart phones and mini laptops. Also venture-backed, SEVEN Networks is a Redwood City, CA-based developer of software solutions used to help wireless carriers and device manufacturers manage and optimize mobile traffic. Both companies reportedly use the same software architecture, which will "allow for a rapid integration of the functionality into the Open Channel platform." The deal will provide an exit for early investor Texas Emerging Technology Fund, which has backed SNRLabs since 2007.