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.

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.

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