Datastream Wins 2003 Customer Value Innovation Award from Frost & Sullivan.Business Editors/High-Tech Writers GREENVILLE, S.C.--(BUSINESS WIRE)--March 8, 2004 Frost & Sullivan recognizes Datastream 7i for delivering exceptional return on investment to customers through Asset Performance Management Datastream Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 Frost & Sullivan, a global business consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , has recognized Datastream with the 2003 Customer Value Innovation Award. As part of Frost & Sullivan's recent study titled World Asset Management Markets for Process Industries, more than 50 companies were assessed based on the ability to provide customers with superior return on investment so they can meet their profitability goals. Datastream won the award based on its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the Datastream 7i(TM) Asset Performance Management solution. Datastream 7i enables customers to optimize the performance of their assets across multiple locations with a single Web-architected deployment. Datastream was selected over every other major vendor in software and associated implementation services for enterprise asset management (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. ), computerized maintenance management systems Computerized Maintenance Management System (CMMS) is also known as Enterprise Asset Management. A CMMS software package maintains a computer database of information about an organization’s maintenance operations. (CMMS CMMS Computerized Maintenance Management System CMMS Computerized Maintenance Management Software CMMS Center for Medicare and Medicaid Services CMMS Conceptual Model of the Mission Space CMMS Center for Multilingual Multicultural Studies ) and plant asset management (PAM) industries. Frost & Sullivan recognized Datastream for its vision in establishing the Asset Performance Management category, in which cross-enterprise asset data is collected and analyzed to provide customers with unprecedented insight into the current and future state of their operations. Utilizing Datastream 7i Analytics, an advanced module, customers can identify trends and anomalies, perform "what if" scenarios to make better forward-looking business decisions, and take action to prevent problems before they impact the bottom line. "Datastream has developed and deployed one of the few truly Web-architected products for asset management. The company has also extended the capabilities of the product to support Asset Performance Management through the use of advanced asset analytics," said Sathyajit Rao, industry analyst for Frost & Sullivan. "Datastream's unique analytical strengths allow customers to proactively monitor and improve asset performance and ultimately create a collaborative environment that drives more efficient operations. Datastream 7i provides customers with a tool set to drive value creation in the maintenance management function," adds Sath Rao. Frost & Sullivan recognizes outstanding industry achievements by presenting Frost & Sullivan Awards A Sullivan Award may refer to:
"It is an honor to win the Customer Value Innovation Award," 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. "We believe this award provides further validation that Datastream's Asset Performance Management strategy goes beyond managing assets and enables our customers to use innovative asset analytics to gain a significant return on investment. With Datastream 7i, customers turn asset data into actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. business information that can be used to drive corporate performance." 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, delivers a complete Asset Performance Management infrastructure by combining Internet architecture with broad enterprise asset management functionality, integrated procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , 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. About Frost & Sullivan Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards are presented to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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