Stockholders approve Datastream's merger with Infor

RP news wires, Noria Corporation
Datastream Systems, Inc. announced Tuesday that its stockholders approved the merger agreement pursuant to which Infor will acquire Datastream for $10.26 per share in cash.

At its special meeting of stockholders held Tuesday, the affirmative vote of approximately 71.6 percent of Datastream's outstanding shares of common stock was received to approve the proposal to adopt the merger agreement set forth in the proxy materials dated February 21, 2006. The parties are working to finalize the transaction as soon as reasonably possible and expect the closing to occur no later than April 14.

About Datastream Systems: Datastream 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/

About Infor: Infor is the largest global software provider focused on delivering world-class enterprise applications to select verticals in the manufacturing and distribution industries. Infor delivers integrated best-in-class solutions that address the essential challenges its customers face in areas such as supply chain planning, relationship management, demand management, ERP, warehouse management, and business intelligence. With more than 2,800 employees in 50 global offices, Infor provides enterprise solutions to almost 19,500 customers in over 70 countries. For additional information, visit http://www.infor.com/.

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