21-April-2021

RIB Software SE (RIB) signs a Phase-II-contract (No. 23 / 2021)

Freiburg, Germany, 21 April 2021. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction and engineering industry, today announced the conclusion of a further Phase-II-contract.

After carrying out a preliminary project, the new customer decided on RIB as its future technology and implementation partner. RIB's industry solution will consolidate the company's existing system landscape and is intended to improve the entire core processes in the project business. In addition to covering the planning and execution processes seamlessly, digital collaboration with all project stakeholders via a holistic and fully integrated end-to-end solution was also crucial.

Konstantin Petratos, CEO of RIB Cosinus GmbH in Germany: "With this contract conclusion, we were able to convince another leading international company to implement our fully integrated enterprise software. With this strategic decision, the customer will achieve the immense benefits of end-to-end cost and project transparency through the digitalisation of all processes. We look forward to implementing this landmark project with the company."

About RIB Group

RIB Software SE is an innovator in the building and construction industry. The company 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 the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing 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 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21^st century.