Metreos

Metreos Corporation

Type	Subsidiary
Industry	Computer software, Internet telephony
Founded	Austin, Texas (January 2001)
Founder(s)	Louis Marascio Mark Richards
Headquarters	Austin, Texas, United States
Key people	Joel Fontenot (CEO) Louis Marascio (Founder, CTO) David Wilson (VP Marketing) Ben Alves (VP Sales) Vaughan Stanford (Dir Business Development)
Parent	Cisco Systems

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, United States. On June 8, 2006 Cisco Systems announced that it was acquiring Metreos for $28 million in cash.^[1][2] On June 30, 2006 the acquisition of Metreos by Cisco Systems was completed.^[3]

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 ^[4]; and a $3.8 million Series A equity financing led by Hunt Ventures and Gefinor Ventures completed in October 2004 ^[5].

References

1. ^ Cisco Systems, Inc. Announces Agreement to Acquire Metreos and Audium
2. ^ Cisco buying Austin's Metreos
3. ^ Cisco Systems, Inc. Completes Acquisition of Metreos and Audium
4. ^ Company aims to improve telephones that use Internet technology
5. ^ Metreos lands $3.8M in funding

External links

• Metreos entry in Crunchbase