Siemens and Datastream sign licensing agreement for EAM.(Enterprise Asset Management)(Brief Article)

Plant Engineering, June, 2001 by Smith, J.

Siemens Industrial Services and Datastream Systems, Inc., have signed a general agreement to form a global alliance for Enterprise Asset Management (EAM). Siemens, a technical services provider, will license, implement, and support Datastream's family of asset lifecycle management solutions and services, making the web based EAM system available to Siemens' customers.

As part of this agreement, Siemens will offer Datastream's tools and applications designed to maximize the profitability of plant assets, such as machines, spare parts, and supplies throughout their lifecycle. Datastream will offer Siemens' customers the whole spectrum of Enterprise Asset Lifecycle Management from buy-and-track through manage-and-sell.