Metreos Corporation

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City: Austin

State: Texas

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Country: United States

Metreos was founded in 2001 by [Louis Marascio](http://www.crunchbase.com/person/louis-marascio) and [Mark Richards](http://www.crunchbase.com/person/mark-richards) to provide an IP telephony development and run-time platform to help companies build, deploy, and manage IP telephony applications. Metreos provided both packaged applications and a set of tools for designing, developing, deploying, and managing applications deployed on IP telephony networks. Their primary customer base were large enterprises who had invested significant capital in replacing aging [TDM](http://en.wikipedia.org/wiki/Time-division_multiplexing) based phone systems with new [Voice-over-IP](http://en.wikipedia.org/wiki/Voice_over_IP) phone systems, specifically those who had chosen Cisco Systems as their VoIP vendor of choice. Large Cisco customers began to use the Metreos product suite in 2004 with early deployments by Lehman Brothers and BearingPoint. Frustrated by the lack of support from their primary IP PBX vendor, Metreos customers were able to use the Metreos Communications Environment to customize their IP telephony deployment to their liking, often times implementing features that were lost in the transition from TDM to IP. Recognizing that many of their large marque customers were using the Metreos product to enhance their Cisco deployment, Cisco purchased Metreos in June 2006 for $28 million USD.

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