Vyatta, maker of open-source network software, has raised nearly all of its planned $10.3 million round of equity. It adds this amount to the $11 million in second-round funding it brought in two years ago from ArrowPath Venture Capital, Comcast Intractive Capital, Fuse Capital and J.P. Morgan Partners, reports VentureWire.

Based in Belmost, Calif., Vyatta positioned itself as a rival for Cisco Systems when it first launched in 2006. In fact, its web site’s tagline is still “The Open-Source Alternative to Cisco.” In addition to software, it also provides routers, switches, firewall devices and VPN boxes. Just today, ComputerWorld’s John Edwards posted an article about how Vyatta’s routers has allowed enterprises to significantly cut networking costs. Open-source alternatives have already succeeded in eroding Sun Microsystems’ presence in the space.

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