Automated alarm notification

["Frank Bulk" <frnkblk () iname com>]

Is anyone aware of software, or perhaps a service, that will take SNMP
traps, properly parse them, and perform the appropriate call outs based on
certain content, after waiting 5 or 10 minutes for any alarms that don't
clear?

I looked at PagerDuty, but they don't do any SNMP trap parsing, and nothing
with set/clear.  

Frank