DGAP-News: RIB Software SE

20-February-2018

Exactal Group Limited, a 100% subsidiary of RIB Software SE (RIB), signs a Phase-II-contract (No. 02 / 2018) for the delivery of the CostX solution

Stuttgart, Germany, 20 February 2018. RIB, the world's leading provider of 5D BIM Big Data technology for the construction industry, today announced the conclusion of the second Phase-II-contract of the current fiscal year concluded through its newly acquired subsidiary, Exactal Group Limited. The customer, who has their headquarters in the UK, awarded the contract to Exactal based on CostX's world leading integration between take off and estimating entirely replacing their incumbent system.

Murray Freeman, CEO of Exactal Group Limited, comments: "Exactal has been growing its presence in Europe significantly over the last few years. This new contract is just another example of the number of customers that are leaving their old-fashioned estimating systems behind in favour of the new generation CostX software from Exactal." Mr. Freeman then adds: "Exactal will continue to grow its market presence in Europe and the rest of the world with the additional stability provided now as an important part of the RIB Group."

About Exactal Group Limited

Established in Brisbane, Australia in 2003 to develop software specifically for the quantity surveying and estimating market, Exactal has continued to expand its worldwide presence and is now a 100% subsidiary of RIB Software SE. It has offices in Brisbane & Melbourne in Australia, London & Manchester in the UK, Auckland in New Zealand, Austin in the USA, Kuala Lumpur in Malaysia, Singapore and Hong Kong. The company also has sales and channel partner support across much of the globe. The main product CostX(R) provides an integrated BIM and 2D on-screen measurement solution with a unique integration between the cost estimates and the elements on the drawing files that the estimate represents. This approach keeps estimates up to date and allows drawing revisions to be easily evaluated to eliminate traditional scope creep in construction projects.

About RIB Group

RIB Software SE 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 SE 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 800 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.