DGAP-News: RIB Software AG

DGAP-News: RIB Software AG (RIB) and Autodesk achieve a breakthrough partnership to advance the fully integrated end-to-end 5D BIM enterprise solution for the AEC industry

DGAP-News: RIB Software AG / Key word(s): Alliance RIB Software AG (RIB) and Autodesk achieve a breakthrough partnership to advance the fully integrated end-to-end 5D BIM enterprise solution for the AEC industry

25.10.2016 / 11:04 The issuer is solely responsible for the content of this announcement.

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25-October-2016

RIB Software AG (RIB) and Autodesk achieve a breakthrough partnership to advance the fully integrated end-to-end 5D BIM enterprise solution for the AEC industry

Stuttgart, Germany and San Francisco, USA, 25 October 2016. RIB Software AG (TecDAX: RIB), the world's leading provider of 5D BIM Big Data technology for the construction industry, and Autodesk, Inc. (NASDAQ: ADSK), a world leading 3D architecture, engineering and construction software company, are pleased to announce a new joint-effort to deliver the best of the best in the fully integrated and interoperable iTWO 5D BIM Enterprise Solution for the architecture, engineering, and construction (AEC) industries. The collaborative effort will upgrade the 3D BIM engine of RIB's 5D technology and reduce project risk while increasing industry profitability and productivity in an accessible and affordable way.

This joint solution will further improve the real-time integration of 3D construction modeling and schedule (4D) and project cost-related information (5D) in both virtual and physical construction processes on iTWO platform - a 5D BIM solution provides all of the necessary design from Autodesk's Revit software, schedule and cost information in a single environment to become the single source of truth for construction project teams. Dynamic changes to cost and schedule based on changes in geometry and object properties can be checked in real time. The project supply chain can be also engaged to rapidly integrate structural, MEP and architectural models into 5D processes. It enables firms and investors across the Building, Civil Infrastructure, and Industrial sectors to more confidently understand the critical business drivers of a project and predict outcomes through the entire project lifecycle.

Under this agreement, RIB will invest in an international iTWO 5D BIM research, development and support team. Autodesk will provide support for the integration of the Revit BIM technology into iTWO. The iTWO BIM 5D user interface and 3D functions will reach a higher level of integration with Autodesk's building information modeling technology.

"Working with RIB creates an extraordinary opportunity for the construction industry to visualize all aspects of a project in a single 5D environment in a highly integrated offering," explains Amar Hanspal, senior vice president, Autodesk. "Together we will deliver a 5D model enabling project stakeholders to put all their individual cards on the table to make more informed business decisions. We expect this will result in reduced project risk and increased productivity for the construction industry. This is BIM at its very best."

"Autodesk is a global BIM and AEC industry leader and our chosen development partner for iTWO 3D to reach the best integration with Autodesk Revit and other Autodesk products," says Thomas Wolf, RIB CEO. "We believe there is a great potential that our users will switch their projects to the new iTWO 3D technology because of the valuable information it brings."

About Autodesk

Autodesk is an American multinational software corporation that provides software for the architecture, engineering, construction, manufacturing, media, and entertainment industries. Founded in 1982, Autodesk has been running together with global leading partners and delivering excellent solutions that help people imagine, design and create a better world for the next generation. Autodesk develops a broad range of software for design, engineering, and entertainment, empowering people to build a more digital and innovative future. Everyone-from design professionals, engineers and architects to digital artists, students and hobbyists-uses Autodesk software to inspire new thinking, unlock their creativity and solve important challenges. For more information visit autodesk.com

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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25.10.2016 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.

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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 ---------------------------------------------------------------------------

514303 25.10.2016