Datastream Announces Continued Momentum in Public Sector with New Datastream 7i Deployments and Rapid Revenue Growth
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More Than 2,500 Public Sector Organizations Have Purchased Datastream Products; Double-Digit Growth Continues; Greensboro, Miami Beach, Roanoke and Sacramento Announce Deployments
GREENVILLE, S.C., Nov. 17 / -- Datastream Systems, Inc. today announced that over 2,500 cities, municipalities and government agencies worldwide have purchased Datastream solutions to manage their assets and infrastructure, including water and sewer systems, roadways and buildings, vehicle fleets, parks and public buildings.
Datastream has experienced significant growth in the municipal market with revenue for the first nine months of 2005 increasing by 36% over the same period last year. Datastream has continued to make significant R&D investments in Datastream 7i, the world's most advanced Web-architected Asset Performance Management product. Recent product enhancements include geographic information system (GIS) integration and linear asset management capabilities that are designed specifically for local and state government customers.
Datastream has announced a number of significant municipal government deployments, including the City of Greensboro, City of San Jose and Miami-Dade County. Other recent U.S. municipal successes include the City of Englewood, Henrico County Water Treatment Plant and New York Metropolitan Transit Authority, and international municipalities such as RATP (Paris Metro), Hong Kong Government Marine, Sharjah Municipality (U.A.E.) and CEA DAM le Ripault (France).
"Coast Mountain Bus Company has been a Datastream customer for many years and used several generations of products. Datastream has always done an excellent job at keeping us on the leading edge of Asset Performance Management technology and practices," said Jeff Vogstad, Client Solutions Team Manager of Coast Mountain Bus Company. "Datastream 7i allows us to maintain a complete database of our fleet information, helping us improve productivity, increase vehicle availability and, as a result, deliver better service to our customers."
Prior to Datastream, municipalities typically maintained multiple independent databases to track and maintain the design, construction, operation, maintenance and repair of roads, bridges, sewers, water supply, flood control and other infrastructure facilities. Datastream 7i enables them to track preventive maintenance routines, requests for services, and maintenance and repair work orders from a single system. Datastream 7i also enables integration with financial, CRM and other systems so municipalities can fully integrate work processes to deliver more effective services with existing information technology infrastructure.
Datastream 7i, with its Service Oriented Architecture, provides a highly flexible and scalable offering that can grow with the public sector customer's needs and requirements. The continued growth and success of Datastream 7i in the municipal market is in part due to the previously announced integration of Datastream 7i with ESRI-based GIS applications. With the two systems closely linked through extensions built on Web services, workers can pinpoint the location of an asset and pull up the entire Datastream 7i maintenance history on an asset, without leaving the GIS application. The integration with ESRI GIS solutions also adds best-of-breed capabilities for managing linear assets such as pipelines and roads.
"The integration of ESRI-based GIS functionality into Datastream 7i gives municipalities the ability to improve efficiency and reduce costs associated with maintaining geographically distributed capital assets," said David Wieseler, Director of Business Partner Programs at ESRI. "Our relationship with Datastream provides users of both systems comprehensive information regarding the location and maintenance history of their linear assets. This reduces the time and cost required to locate and maintain assets within their public infrastructure."
Datastream 7i is designed specifically to meet the needs of the public sector municipalities, including benefits such as:
o GIS Integration: Datastream 7i integrates seamlessly with GIS, enabling users to easily locate the position of geographically-dispersed assets on a map.
o Linear Asset Management: The linear assets module in Datastream 7i enables users to define an asset in terms of linear reference details such as length, unit of measure, and geographic reference. This enables linear assets to be managed at a far more granular level than was possible before.
o GASB34: Datastream 7i tracks depreciation schedules and asset condition histories to comply with GASB 34/35 standards, generates National Pollutant Discharge Elimination System (NPDES) reports for EPA compliance, and manages inspections to comply with CMOM.
o VMRS: The Datastream 7i VMRS module provides public sector vehicle fleet customers with VMRS codes pre-populated in Datastream 7i, simplifying management of critical maintenance, operation and cost information for fleets.
o Audit Trails: Datastream 7i provides a flexible way to track changes to comments and attributes, updates, or deletions of every attribute for almost every Datastream 7i table, any individual field and all comments per entity.
"Municipalities are a unique and complex vertical because their infrastructure is inherently diverse and widely dispersed," said Larry Blackwell, CEO of Datastream.
"The success we are experiencing in this market is directly related to Datastream 7i's Web architecture and its ability to track assets and individual asset maintenance history much more quickly and cost-effectively than ever before."
About Datastream Systems, Inc.
Datastream Systems, Inc. provides Asset Performance Management software and services to enterprises worldwide, including more than 60 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 http://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 respective owners.
Investor Relations and Media Inquiries
Matt Langie
Datastream Systems, Inc.
1-864-422-5179
investor@datastream.net
Source: Datastream Systems, Inc.
Web site: http://www.datastream.net/
