Hmm. Maybe i can make up for my MANU losses with PSQL.
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Platinum Software Corporation Announces Strategic Agreement With Datastream Systems, Inc.
Wednesday, September 23, 1998 11:00 AM
Datastream to Integrate Its Asset Management Software with Platinum Software's ERP Solution
IRVINE, Calif. Sept. 23 /PRNewswire/ -- Platinum(R) Software Corporation (Nasdaq: PSQL), a leading provider of enterprise resource planning solutions, announced today that the company has recently signed a strategic alliance agreement with Datastream Systems, Inc. (Nasdaq: DSTM).
Under the terms of the agreement, Datastream will integrate its award- winning, enterprise asset management software, MP2(R) Enterprise, with Platinum SQL to add asset management and maintenance management capability.
The combination of Platinum Software and Datastream's MP2 will leverage the technology of Microsoft(R) BackOffice(TM) technologies, including Windows NT(R) and SQL Server(TM), to provide scalability and ease of implementation.
"The two companies have many customers in common who will directly benefit from integration of these award-winning systems," said Larry Blackwell, president and CEO of Datastream Systems, Inc. "Both Platinum Software and Datastream's MP2 have widespread acceptance in the midmarket and we are delighted to team up with another recognized leader."
"As a valued partner, Datastream will help us further address the business needs of midmarket manufacturers by extending the functionality of our Platinum SQL Advanced Distribution and Manufacturing system," said Andrew Meyer, vice president and general manager for the Manufacturing Systems Division of Platinum Software Corporation. "We are pleased to be working with Datastream as they provide an industry-leading, best-of-breed enterprise asset management system."
Alaska Ocean Seafood is using the Datastream/Platinum Software solution to support their factory trawler operations in the Bering Sea. "The link between MP2 Enterprise and Platinum SQL allows us to better manage our maintenance and spare parts needs with up-to-date information tied directly into the financial system," said Steve Pitts, systems administrator for Alaska Ocean Seafood. "The ability to address those needs before sailing is critical to maximizing productive capacity while maintaining safety requirements. Our experience has shown these are both best-in-class systems."
About Datastream Systems, Inc.
Datastream Systems, Inc. is the leading* provider of Computerized Maintenance Management Systems (CMMS) and Enterprise Asset Management Systems (EAMS) aimed at improving plant efficiency, increasing equipment uptime and reducing costs. Since 1986, the Company has sold over 41,000 system units worldwide. In 1997, Datastream accounted for more than 55 percent of the unit market share* in CMMS/EAMS. Headquartered in Greenville, South Carolina, Datastream has offices or exclusive distributors in 23 countries and software products in 15 languages. Datastream's customers are located in 102 countries and include over 60 percent of the Fortune 500.
Datastream ranked #62 on Business Week magazine's annual list of 100 Hot Growth Companies (June 1, 1998.). It was the second time the Company has appeared on the list. Datastream also ranked 55th among Forbes' 200 Best Small Companies in America (November 3, 1997.) It was the second year in a row the Company was recognized by Forbes. In addition, Plant Engineering magazine has awarded Datastream its top award in the software category, Gold Product of the Year, for each of the last five years.
About Platinum Software Corporation
Platinum Software Corporation develops client/server enterprise resource planning software, including customer service and support, sales force automation, financial accounting, budgeting, manufacturing, and distribution for midmarket corporations worldwide. Founded in 1984, Platinum Software is based in Irvine, California. More information about Platinum Software Corporation, its products and services is available at www.platsoft.com.
* Based on number of system units sold, as reported by Automation ResearchCorporation, 1998.
Platinum is a registered trademark of Platinum Software Corporation. All other company and product names mentioned in this document are trademarks of the respective companies with which they are associated and are acknowledged.
Datastream and MP2 are registered trademarks of Datastream Systems, Inc. Microsoft and Windows NT are registered trademarks and BackOffice and SQL Server are trademarks of Microsoft Corporation. All other products or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
SOURCE Platinum Software Corporation
CONTACT: Sari Gallagher of Platinum Software Corporation, 949-453-4268, sgallagher@platsoft.com; or Mary Margaret Dragoun of Datastream Systems, Inc., 864-422-5001, ext. 5629, investor@dstm.com
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