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Technology Stocks : Project Software: PSDI -- Ignore unavailable to you. Want to Upgrade?


To: REH who wrote (125)2/9/1998 3:40:00 PM
From: Ron Rubens  Respond to of 134
 
PSDI's MAXIMO Version 4.0 Delivers Java Business Components
Advanced Workflow and Safety Capabilities Designed for the Complex Process and Utility Industries
BEDFORD, Mass., Feb. 9 /PRNewswire/ -- PSDI (Nasdaq: PSDI - news), a leading provider of enterprise-wide maintenance management systems, today announced a major upgrade of its market-leading flagship product MAXIMO. The release of MAXIMO 4.0 will combine an open architecture with self-service Java components, business process workflow, and enhanced safety features. This helps organizations better manage maintenance operations and prevent equipment disruptions and downtime. MAXIMO 4.0 includes sophisticated safety and compliance features so companies can implement in-depth tracking and reporting processes that adhere to mandated state and federal regulatory guidelines.

''MAXIMO 4.0's new technologies will set the standard in the maintenance management market,'' said David Sample, CEO and president of PSDI. ''Companies realize that any cost savings resulting from streamlining one area of the business such as financial processes or enterprise resource planning, can be wiped out by an unexpected plant shutdown, equipment failure, or accident due to poorly performed maintenance practices. The new functional capabilities delivered by MAXIMO 4.0 will further its use as a strategic enterprise backbone in those industries where optimum equipment efficiency and employee safety are critical to operations.''

Leading Edge Technologies Working Together

MAXIMO 4.0 provides enhancements for materials management, inspection management, scheduling, job safety analysis, work management and preventive maintenance hierarchies. These integrated features work together to provide a powerful new maintenance solution.

Integrated Workflow: Items requiring approval processes, such as work orders and purchase requisitions, and their required documents, can be electronically routed to appropriate individuals automatically - thus preventing the ''paper shuffle'' often found in complex approval cycles. MAXIMO's workflow engine provides a means of modeling and controlling specific business procedures to accommodate individual business practices and dependencies, such as industry regulatory requirements.
Safety First: Users will be able to take advantage of robust safety features, including the ability to associate hazards and tagouts with specific equipment and locations; the ability to create comprehensive safety plans; and automatic association of safety plans and related information to generated work orders.
Java-based Component Architecture: MAXIMO 4.0 delivers the first generation of a distributed, n-tier, component-based object architecture. MAXIMO Everywhere components allow easier access for remote users, network computers and any Java-enabled Web browser. MAXIMO components reside on workstations or application servers and provide global access to maintenance information across corporate intranets, extranets and the Internet.
Greater Vertical Appeal: In addition to the increased functionality for the process manufacturing market, MAXIMO 4.0 includes added functionality for transportation, mining and the utilities industries. These enhancements are designed to meet the needs of companies with industry-specific requirements, such as adding multiple meter-reading levels for the transportation industry and inspection features for the utilities industry.
Packaged Integration to Enterprise Resource Planning (ERP) Applications: In conjunction with MAXIMO 4.0, PSDI offers enhanced integration links to Oracle, PeopleSoft and SAP ERP systems. The fully integrated links use advanced messaging technology that provides reliable transfer of information between applications. By allowing companies this ease of integration, administrators can still rely on their ERP backbone for financials and HR and enjoy the more robust functionality found in PSDI's maintenance solution.
Global Solution: In addition to English, MAXIMO 4.0 supports six additional core languages including: Dutch, French, German, Japanese, Portuguese, and Spanish. PSDI incorporates language translation at the research and development stage unlike some vendors which suggest using third- party agents to provide translation services. By incorporating the language into the core product, MAXIMO 4.0 takes into consideration details such as providing additional room needed for some foreign languages. MAXIMO 4.0 also incorporates double byte character support.
''Organizations today need more from their maintenance management application than simply tracking and scheduling routine and preventive maintenance,'' said Barry Wilderman, vice president, Application Delivery Strategies division at the META Group. ''In a market that is quickly approaching $1 billion, one key differentiator will be the ability to develop the next generation of software solutions that integrate easily into core business applications like enterprise resource management (ERM), eliminating the fear of implementing multi-vendor applications. With the release of MAXIMO 4.0 and its Java-based component architecture, PSDI continues to provide targeted maintenance management software, but also delivers an architecture that can inter-operate with today's leading ERM packages.''

Pricing and Availability

MAXIMO 4.0 is scheduled to ship in March, 1998. MAXIMO 4.0 in six additional languages will be available later in the Spring. Pricing starts at U.S. $19,995 for a five-user Workgroup system. Site licenses are available.

About PSDI

PSDI develops, markets and supports applications software used by businesses, government agencies, and other organizations to assist them in maintaining high-value capital assets such as plants, facilities and production equipment. The Company's products are designed to enable customers to reduce downtime, control maintenance expenses, cut spare parts inventories and costs, improve purchasing efficiency, and more effectively deploy productive assets, personnel and other resources.

Based in Bedford, Mass., PSDI markets its products through a direct sales force with sales offices throughout the United States, Canada, Argentina, Australia, UK, France, Germany, Hong Kong, India, Japan, Thailand, Sweden and the Netherlands, combined with a network of international sales agents.

NOTE: All PSDI news releases are available via the PSDI Home Page at maximo.com. The Internet provides an easy way to find information about all PSDI products and services.

SOURCE: PSDI

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To: REH who wrote (125)3/9/1998 10:35:00 PM
From: Certafied  Respond to of 134
 
PSDI Acquires the A.R.M. Group

Provides PSDI With M|Net Integrated Supplier Network to Create End-to-End MRO

Electronic Commerce Marketplace

BEDFORD, Mass., Feb. 9 /PRNewswire/ -- PSDI (Nasdaq: PSDI), a leading provider of enterprise-wide maintenance management systems, today announced the acquisition of London, Ontario based Applied Resource Management Group (A.R.M. Group). A.R.M. Group is a privately-held organization that has built an electronic commerce network focused on reducing the transaction costs of Maintenance Repair Operations (MRO) products for buyers, distributors, and manufacturers. PSDI purchased the stock of A.R.M. Group for $7 million in cash and stock. In connection with the acquisition, management expects charges for in-process research and development charges of approximately $9 million in its fiscal second quarter.

A.R.M. Group's M|Net provides distributors and manufacturers with information on where products are in the supply chain, as well as demand and current inventory levels, in order to make more informed ordering and production decisions, lower costs, and optimize customer service. M|Net will be further enhanced to streamline the electronic buying and selling process between suppliers and users of MRO products. These enhancements will be designed to provide MRO buyers and sellers direct Internet access to products, pricing, and availability.

"The maintenance market is a clearly defined community that has realized the need for enterprise technology to automate business processes and to reduce procurement costs," said David Sample, PSDI CEO and president. "PSDI intends to leverage A.R.M.'s supply network, with more than 400 suppliers already online, to develop an end-to-end electronic marketplace for the procurement of MRO goods and services - more than a catalog, this will enhance buyer and supplier relationships by providing a low cost, Internet-based transaction vehicle governed by MAXIMO materials management business rules."

Stephen Caslick, president of A.R.M. Group, added, "Major global manufacturers like Rockwell Automation and its Allen-Bradley brand have recognized the value of A.R.M.'s technology and have committed to the M|Net solution. PSDI and ARM are at the forefront of the electronic procurement MRO surge, combining our strengths to deliver direct access to a large supplier base that will have the ability to execute Internet transactions from within the MAXIMO maintenance management system."

About A.R.M

A.R.M.'s success has evolved from helping businesses solve maintenance and materials management problems. A.R.M.'s direct involvement in on-site storeroom and procurement management provided the insight for practical long term solutions. A.R.M. launched the M|Net solution and emerged as a leader in shared inventory networks over which distributors, manufacturers and users of MRO material conduct their business. With offices in London, Ontario and Toledo, Ohio, A.R.M. Group employs 43 people and had integrated supplier network revenues for the year ended December 31, 1997 of approximately $1.4 million.

About PSDI

PSDI develops, markets and supports applications software used by businesses, government agencies, and other organizations to assist them in maintaining high-value capital assets such as plants, facilities and production equipment. The Company's products are designed to enable customers to reduce downtime, control maintenance expenses, cut spare parts inventories and costs, improve purchasing efficiency, and more effectively deploy productive assets, personnel and other resources.

Based in Bedford, Mass., PSDI markets its products through a direct sales force with sales offices throughout the United States, Canada, Argentina, Australia, UK, France, Germany, Hong Kong, Japan, Thailand, Sweden and the Netherlands, combined with a network of international sales agents.

NOTE: All PSDI news releases are available via the PSDI Home Page at psdi.com. Information on ARM Group and M|Net is available at www.armgroup.com and www.maintenet.com.

SOURCE PSDI

CO: PSDI; Applied Resource Management Group; A.R.M. Group

ST: Massachusetts; Ontario

IN: CPR

SU: TNM

02/09/98 16:29 EST prnewswire.com



To: REH who wrote (125)3/9/1998 10:38:00 PM
From: Certafied  Read Replies (1) | Respond to of 134
 
"In connection with the acquisition, management expects charges for
in-process research and development charges of approximately $9 million in its fiscal second quarter."

Have to work out the effect of the acquisition and the one-time charge. In the long run this should prove to be an excellent opportunity for management.