From PAC Software:
Network Console lets you draw a chart showing the structure and content of your network. It then continuously tests the nodes on your network, showing you their status on the chart. If a node changes status, Network Console can send an email or page letting you know.
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"$300 for a program that just pings???"
Version: Network Console 3.0
All this program really does is periodically ping your nodes based on IP addresses or computer name. If the node doesn't respond after a period you specify then you can get an e-mail or a page that the node is down. I don't see how that should cost $300!