Metreos was a software company that created and sold development and runtime tools for creating voice over Internet Protocol software applications. The company was founded by Louis Marascio and Mark Richards and was based in the Austin, Texas

Austin, Texas

Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...

, United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. On June 8, 2006 Cisco Systems

Cisco Systems

Cisco Systems, Inc. is an American multinational corporation headquartered in San Jose, California, United States, that designs and sells consumer electronics, networking, voice, and communications technology and services. Cisco has more than 70,000 employees and annual revenue of US$...

announced that it was acquiring Metreos for $28 million in cash. On June 30, 2006 the acquisition of Metreos by Cisco Systems was completed.

Venture Funding

Metreos was a venture backed software start-up. The company completed two rounds of financing: a $550,000 seed round from Startech Early Ventures, in the form of convertible debt, that was completed in March 2003 ; and a $3.8 million Series A equity financing led by Hunt Ventures and Gefinor Ventures completed in October 2004 .

External links

• Metreos entry in Crunchbase