PacketTrap raises $5M for free network management tools

October 17, 2007 | Matt Marshall

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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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.