Metreos Corporation

Metreos Corporation, founded in 2001 by Louis Marascio and Mark Richards, aimed to provide a robust IP telephony development and run-time platform for companies to create, deploy, and manage IP telephony applications. The company specialized in offering ready-made applications and tools for the design, development, deployment, and administration of applications on IP telephony networks. Its clientele included large enterprises transitioning from TDM-based phone systems to modern VoIP infrastructures, particularly with Cisco Systems as their preferred VoIP vendor. In 2004, the company gained traction as prominent Cisco customers such as Lehman Brothers and BearingPoint started using its product suite, finding it invaluable for customizing their IP telephony setups. Noticing the potential, Cisco acquired Metreos in June 2006 for $28 million USD, as many prominent clients were leveraging the Metreos product to optimize their Cisco deployments. Metreos received its last investment of $3.80M in a Series A round on 14th October 2004 from investors including Startech Early Ventures, Covera Ventures, and Gefinor Capital. The company operates in the Information Technology, Mobile, and Telecom industries.