Metreos
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Computer software, Internet telephony |
| Founded | Austin, Texas (January 2001) |
| Founder | Louis Marascio Mark Richards |
| Headquarters | , United States |
Key people | Joel Fontenot (CEO) Louis Marascio (Founder CTO) Adam Takvam (Chief Architect) 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 Austin, Texas, United States. On June 8, 2006 Cisco Systems announced 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]
Funding
Metreos was backed by venture capital. 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
- ^ Cisco Systems, Inc. Announces Agreement to Acquire Metreos and Audium Archived 2007-06-27 at archive.today
- ^ "Cisco buying Austin's Metreos". Austin Business Journal. June 9, 2006. Retrieved July 17, 2013.
- ^ Cisco Systems, Inc. Completes Acquisition of Metreos and Audium Archived 2008-07-19 at archive.today
- ^ Company aims to improve telephones that use Internet technology
- ^ Metreos lands $3.8M in funding