DGAP-News: RIB Software SE (RIB) signs a Phase-II-contract (No. 26 / 2018) for the delivery of the iTWO 4.0 solution

11-December-2018

RIB Software SE (RIB) signs a Phase-II-contract (No. 26 / 2018) for the delivery of the iTWO 4.0 solution

Stuttgart, Germany, 11 December 2018. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of the 26th Phase-II-contract of the current calendar year. The customer is a medium-sized construction company from Germany, which has focused on building and industrial construction, turnkey construction as well as civil engineering and pipeline construction. In addition, the company operates hotels and retirement homes.

Michael Woitag, Executive Board Member of RIB Information Technologies AG: "The construction company expands its existing system by using the mobile solution of the RIB iTWO 4.0 platform. The goal is to digitize and optimize all relevant processes in the office and on the construction site. We are very proud to welcome this customer in our company. For us, this cooperation represents another important milestone in the further development of web-based solutions for the construction industry. This agreement confirms our vision that Digital Construction Site 4.0 is essential for any enterprise."

About RIB Group

RIB Software SE is an innovator in building and construction industry. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and brining in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 1,200 talents in more than 30 locations worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.