PacketTrap raises $5M for free network management tools
PacketTrap, a San Francisco–based provider of free network management tools for IT departments, has raised $5 million in in a first round of funding. August Capital led the round, and was joined by individual angels, according to the company’s statement.
It is founded by the people who ran Lasso Logic, a data backup company acquired by SonicWALL in 2005.
The product, based on open-source, is still in development will let IT managers oversee a company’s network’s activity from a single screen. A premium version will cost about $1,000. The products will be released next year.
It faces competition. Other companies include GroundWork OpenSource (see our coverage), Ipswitch, Kace Networks and SolarWinds.net
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