Newest Version of Datastream 7i Strengthens Datastreams Position as the Leader in Asset Performance Management
Newest Version of Datastream 7i Strengthens Datastream's Position as the Leader
in Asset Performance Management
Enhanced Web-Based Calibration, Auditing, Reporting, and GIS Functionality
Delivers Major Benefits for Vertical Markets
Greenville, S.C. - Sept. 15, 2004 Datastream Systems, Inc. (NASDAQ: DSTM)
today announced the release of its newest version of Datastream 7i, the
industry's leading Asset Performance Management solution. With this version and
its enhanced Web-based capabilities, Datastream strengthens its ability to
deliver focused solutions to markets including the public sector, regulated
industries and general manufacturing environments.
The enhancements to this release of Datastream 7i include product functionality
that enables customers to deploy easy-to-use and easy-to-configure
zero-footprint html interfaces that match the roles of end-users. Through
Datastream's proven Web architecture and associated Web services, users from
the shop floor to the executive suite can access Datastream 7i to leverage
business intelligence and streamline their operations and asset management
Key enhancements in Datastream 7i include:
Broader Key Performance Indicator (KPI) and Alerting Capabilities, to enable
customers to instantly access the exact information they need to make business
decisions, when they need it. This feature substantially shortens the amount of
time required to identify and resolve asset performance issues, thus
significantly reducing the impact on operations.
Stronger Regulatory Compliance Features, including the addition of the entire
Calibration Module to Datastream 7i Extended and the ability to apply auditing
rules to custom fields and comments. This facilitates compliance and reduces
the risk of costly violations for customers in regulated industries, such as
pharmaceutical, oil and gas, and nuclear power.
Geographic Information System (GIS) integration, including geo-coded address
searches to quickly find assets via a specific street intersection. This
integration also includes the ability to map out locations of multiple assets
for more effective planning and scheduling.
Inspections Capability, to enable customers to set up and execute inspections
through Datastream 7i Extended, providing users with a Web-based interface to
add defined columns in order to support more complex inspections.
Purchasing & Materials Management, with new support for blanket purchase orders
including monetary and status change security controls. Features also include
the services procurement ability to book hours and the percent of
contracted-work complete and document accomplishments for billing and invoicing
The enhanced Web-based interface also includes new Work Module capabilities
that enable employee qualification specification, warranty processing
enhancements, Microsoft Project 2003 integration and support for the Vehicle
Maintenance Record System (VMRS) standard, which provides the pre-populated
codes essential for fleet management applications.
''ARC has identified real-time performance management as an essential business
strategy for enterprises today,'' said Houghton Leroy, research director, ARC
Advisory Group. ''With its advanced Asset Performance Management capabilities,
Datastream 7i can deliver the visibility and extensibility enterprises require
to optimize the performance of their assets on a global scale, while also
uniformly enforcing compliance procedures.''
''Large enterprises in regulated industriessuch as pharmaceutical and
governmentwant to extend their enterprise applications to new platforms and
users while also maintaining strict compliance control over work processes,''
said Datastream President and CEO Larry Blackwell. ''Datastream 7i delivers on
both fronts. Its Web services foundation enables customers to extend the
application through role-based interfaces and provides fully integrated support
for regulations such as 21 CFR 11 in pharmaceutical, GASB in government, and
VMRS in transportation.''
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 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 an Internet, Web
services 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.
(''Datastream'' or the ''Company''). All other products or Company names mentioned
are used for identification purposes only and may be trademarks of their
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 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 Datastream's SEC reports,
including, but not limited to the "Risk Factors" contained in the Datastream's
Annual Report on Form 10-K for the fiscal year ended December 31, 2003.
Datastream 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.