Datastream Systems, Inc. (www.datastream.net) today announced that its' hosting operation has completed the American Institute of Certified Public Accountants' Statement on Auditing Standards (SAS) no. 70 type II audit. SAS 70 is an internationally recognized audit for validating the internal controls of service providers and other businesses.

Federal regulations such as Sarbanes-Oxley, Gramm-Leach-Bliley and the Health Insurance Portability and Accountability Act require corporations to audit the internal controls of their suppliers, including those that provide hosting services.

"Our hosting business is strategic to Datastream, and our recent success in passing this voluntary SAS 70 annual audit demonstrates the strength of this business unit and our commitment to the hosting strategy," said Datastream President and CEO Larry Blackwell.

Datastream Systems, Inc. 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 an Internet, web services architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability.