General log to trap utility?

I have several dozen applications, mix of programming language, that i
want to trigger traps on certain events.  Each of these apps can write
to syslog.  I was thinking of writing a tool that tailed the
/var/log/messages file and grepped for pattern and on matching, called
snmptrap.  I might start w/a bash script, but rewrite it in c with
pcre and net-snmp libs because it should be fairly efficient.  Has
anyone considered this before, is there already a tool for this, or
maybe there is a better way?  Thanks.

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