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 called IP telephony, is a method and group of technologies for the delivery of voice communications and multimedia sessions over Internet Protocol (IP) networks, such as the Internet. The terms Internet t ...

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

Austin, Texas Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most-populous city ...

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

. On June 8, 2006

Cisco Systems Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...

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 (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

. 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 Systems acquisitions Companies based in Austin, Texas Defunct software companies of the United States {{US-software-company-stub 2001 establishments in the United States 2001 establishments in Texas Software companies established in 2001 Companies established in 2001