Metreos was a software company that created and sold development and runtime tools for creating

voice over Internet Protocol Voice over Internet Protocol (VoIP), also known as IP telephony, is a set of technologies used primarily for voice communication sessions over Internet Protocol (IP) networks, such as the Internet. VoIP enables Voice call, voice calls to be tran ...

software applications. The company was founded by Louis Marascio and Mark Richards and was based in

Austin, Texas Austin ( ) is the List of capitals in the United States, capital city of the U.S. state of Texas. It is the county seat and most populous city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and W ...

, United States. On June 8, 2006

Cisco Systems Cisco Systems, Inc. (using the trademark Cisco) is an American multinational corporation, multinational digital communications technology conglomerate (company), conglomerate corporation headquartered in San Jose, California. Cisco develops, m ...

announced it was acquiring Metreos for $28 million in cash.Cisco Systems, Inc. Announces Agreement to Acquire Metreos and Audium
On June 30, 2006, the acquisition of Metreos by Cisco Systems was completed.

Funding

Metreos was backed by

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

. 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;Company aims to improve telephones that use Internet technology
/ref> and a $3.8 million Series A equity financing led by Hunt Ventures and Gefinor Ventures completed in October 2004.
/ref>

References

Software companies based in Texas Cisco acquisitions Companies based in Austin, Texas Defunct software companies of the United States {{US-software-company-stub 2001 establishments in Texas Software companies established in 2001 American companies established in 2001 2006 mergers and acquisitions American companies disestablished in 2006 2006 disestablishments in Texas Software companies disestablished in 2006