Datastream Continues to Build Hosting Leadership in Asset Performance Management.Business Editors/High-Tech Writers GREENVILLE, S.C.--(BUSINESS WIRE)--June 3, 2003 Company Now Has 130 Unique Customers and 5,500 Seats Using Hosted Asset Performance Management Solutions Datastream Systems, Inc. (Nasdaq: DSTM DSTM Dual Stack Transition Mechanism DSTM Differential Space-Time Modulation DSTM Don't Shoot the Messenger, Inc (Milton, Ontario, Canada) DSTM Directorate of Science, Technology and Medicine DSTM Department Store Type Merchandise ) today announced that the hosted offerings of its Asset Performance Management solutions now account for more than 5,500 seats and 130 unique customers. Hosted customers include marquee organizations such as Atrix Labs, BBA BBA abbr. Bachelor of Business Administration Nonwovens, Cadillac Fairview The Cadillac Fairview Corporation is a development corporation which is a wholly owned subsidiary of the Ontario Teachers' Pension Plan. Cadillac Fairview owns, develops and manages property, malls and large office and retail spaces, mostly in Canada and the United States. , City of North Miami Beach North Miami Beach, residential and resort city (1990 pop. 35,359), Dade co., SE Fla., on the Atlantic coast; inc. 1931. It is a major office and retail area. , City of Wichita, Del Monte Foods Del Monte Foods (NYSE: DLM) is an American food production and distribution company based in San Francisco, California. It offers canned goods in Del Monte, S&W and Contadina brands, pet foods under Kibbles n' Bits, 9Lives, Pounce, Milk-Bone and several premium brands, , Lear Corporation, Nucor Steel, Praxair, Premier Manufacturing Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and Smurfit-Stone Container Smurfit-Stone Container Corporation (NASDAQ: SSCC) is an American paperboard and paper-based packaging company based in Chicago, Illinois. It has approximately 38,600 employees. Smurfit-Stone was formed in 1998 as a result of the merger between Jefferson Smurfit Corp. Corporation. "The hosted deployment model has been ideal for Premier," said Eric Faith, manager, maintenance systems technology of Premier Manufacturing Support Services, which provides outsourced industrial maintenance services to the world's leading automobile manufacturers. "Datastream's world-class hosting service is a fast and easy way to gain the benefits of the industry's leading Web-architected EAM (1) (Enterprise Asset Management) The management and control of the information technology assets within the enterprise. The asset management repository includes a description of the asset as well as contract information pertaining to its acquisition. system. And since we work with companies around the world, it's incredibly valuable to be able to consolidate operations under the umbrella of a single enterprise application." Datastream's hosting success is due largely to the strong market acceptance of its flagship Asset Performance Management solution, Datastream 7i(TM). As a Web-architected product, Datastream 7i enables companies to deploy a single server in Datastream's hosting facilities, with end-users needing only an Internet connection and Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. to use the application. This, combined with the product's broad functionality and Datastream's strong track record of customer deployment success, makes Datastream 7i an ideal hosted solution for enterprises operating multiple geographically dispersed locations. "Datastream recognized early on that the hosted model would become an important deployment option for enterprises, which is why we invested several years ago in developing a top-notch hosting infrastructure," said Larry Blackwell, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Datastream Systems, Inc. "Today, this investment benefits our customers by providing them with a truly enterprise-class deployment infrastructure, without them having to build it themselves. Whether they are global companies with scores of sites or a small company with a couple of plants, the hosted model reduces their total cost of application ownership without compromising application functionality and performance." About Premier Manufacturing Support Services Premier is a leading provider of technical paint shop cleaning, maintenance and other key manufacturing support services to the global automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . The company's goal is to create customized and integrated programs of labor services, technology and materials management that make measurable improvements in customers' quality, production uptime and total operating costs. About Datastream Systems, Inc. Datastream Systems, Inc. (NASDAQ: DSTM) provides Asset Performance Management software and services to enterprises worldwide, including more than 65 percent of the Fortune 500. Datastream's solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance. By using Datastream's solutions, customers can maintain and manage capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) - such as manufacturing equipment, vehicle fleets and buildings - and create analyses and forecasts so they can take action to improve future performance. Datastream's flagship product, Datastream 7i(TM), delivers a complete Asset Performance Management infrastructure by combining an Internet architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability. Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit www.datastream.net. Datastream and Datastream 7i are marks of Datastream Systems, Inc. or its subsidiaries. All other products or Company names mentioned are used for identification purposes only and may be trademarks of their respective owners. This press release contains forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to: increasing competition in the markets in which the Company competes; the stability of certain of the Company's strategic relationships, including those with suppliers of maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble parts; the ability of the Company to: sell larger and more complex software solutions, successfully transition to the development of further Internet-based products, successfully implement an application service provider business model, enhance its current products and develop new products that address technological and market developments; and other risk factors listed from time to time in the Company's SEC reports, including, but not limited to the "Risk Factors" contained in the Company's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2002. The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based. |
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