DGAP-News: RIB Software SE (RIB) signs a Phase-II-contract (No. 10 / 2018) with Steiner AG, Switzerland

28-June-2018

RIB Software SE (RIB) signs a Phase-II-contract (No. 10 / 2018) with Steiner AG, Switzerland

Stuttgart, Germany, 28 June 2017. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a Phase-II-contract with Steiner AG.

Daniel Ducrey, CEO of Steiner Group: "Based on an extensive evaluation process, we decided to implement the iTWO technology in order to be able to digitally plan and control our projects even more efficiently in the future using an innovative end-to-end solution and to further expand our market position. With the iTWO technology, we see ourselves in an excellent position to meet the requirements of digitization and to be able to considerably streamline our processes." With the simultaneously agreed technology partnership, Steiner and RIB also pursue the goal of further developing and designing the new iTWO software components as standard software for the construction industry.

"Having already convinced the leading construction groups in Austria of our technology, we are now pleased to have won Steiner AG, one of Switzerland's leading project developers and total and general contractor, as a customer of RIB. We are convinced that Steiner can benefit considerably from modern iTWO technology in the digital planning and control of its projects in a competitive market environment," says Michael Sauer, Executive Board Member of RIB Group.

About Steiner AG

Steiner AG, one of the leading project developers and total and general contractor in Switzerland, offers comprehensive services in the areas of new construction, alteration and real estate development. Founded in 1915, the company has built over 1,500 residential projects, 540 commercial properties, 45 hotels and 200 infrastructure facilities such as universities, schools, hospitals, retirement homes and prisons. Steiner AG is headquartered in Zurich with offices in Basel, Berne, Geneva, Tolochenaz and Lucerne.

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 almost 900 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.