DGAP-News: RIB Software AG

DGAP-News: RIB Software AG (RIB) signs a Phase-II-contract (No. 27 / 2016) with Franz Oberndorfer GmbH & Co KG, the leading precast parts company in Austria

DGAP-News: RIB Software AG / Key word(s): Agreement RIB Software AG (RIB) signs a Phase-II-contract (No. 27 / 2016) with Franz Oberndorfer GmbH & Co KG, the leading precast parts company in Austria

13.10.2016 / 09:44 The issuer is solely responsible for the content of this announcement.

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13-October-2016

RIB Software AG (RIB) signs a Phase-II-contract (No. 27 / 2016) with Franz Oberndorfer GmbH & Co KG, the leading precast parts company in Austria

Stuttgart, Germany, 13 October 2016. RIB Software AG, the world's leading provider of iTWO 5D BIM Big Data technology, today announced the conclusion of a Phase-II-deal with Franz Oberndorfer GmbH & Co KG.

The company with its headquarters in Gunskirchen will use the iTWO 4.0 platform in order to control the entire process from the virtual planning to production holistically.

Marcus Loerz, executive board member of RIB Information Technologies AG comments the arrangement as follows: "We are delighted with technology partners who recognize visionary that the RIB iTWO 4.0 technology enables them to enhance their productivity as well as reduce costs and improve the profitability. "Design to Manufacture" is a logical development step for digitization and industrialization of the building industry, with which the virtual planning and engineering with the physical production is seamlessly connected."

Dr. Christian Hanser, Managing Director of RIB SAA Software Engineering GmbH underlines the benefits of the cooperation: "Oberndorfer is the world's first customer of the RIB in the field of precast industry, which will use the iTWO 4.0 platform from model-based design to highly automated production and logistics consistent and integrated - Another milestone for both companies and a flagship project for the concept of "Smart Production"."

With more than 100 years of experience, high technical expertise and continuous innovation, Oberndorfer is the leading precast parts company in Austria. Oberndorfer is represented in Austria as well as in several countries abroad. The company is characterized by the excellent quality of their overall solutions with which Oberndorfer has established itself as a competent and efficient partner in the Austrian construction industry.

About RIB Group

RIB Software AG is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 700 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.

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13.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language: English Company: RIB Software AG Vaihinger Str. 151 70567 Stuttgart Germany Phone: +49 (0)711-7873-0 Fax: +49 (0)711-7873-311 E-mail: info@rib-software.com Internet: www.rib-software.com ISIN: DE000A0Z2XN6 WKN: A0Z2XN Indices: TecDax Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------

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