Datastream Wins 2003 Customer Value Innovation Award From Frost & Sullivan

Frost & Sullivan recognizes Datastream 7i for delivering exceptional return on investment to customers through Asset Performance Management

Greenville, S.C. – March 8, 2004 – Datastream Systems, Inc. (NASDAQ: DSTM) today announced that Frost & Sullivan, a global business consulting firm, 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, 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), computerized maintenance management systems (CMMS) 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 to top companies in regional and global markets. Teams of industry experts recognize the diligence and innovation required to implement a successful business plan and excel in the increasingly competitive global marketplace. These prestigious awards are recognized worldwide by the media, the investment community and end-user markets.

“It is an honor to win the Customer Value Innovation Award,” said Larry Blackwell, president and CEO 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 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 – 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, 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/.

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 http://www.frost.com/.