14-February-2020

RIB SIGNS A 1800 ITWO 4.0 USER SUBSCRIPTION AGREEMENT WITH LEADING EUROPEAN CONTRACTOR COMPANY

RIB Software SE (RIB) signs a Phase-II-contract (No. 5 / 2020)

COPENHAGN, Denmark, 14 February 2020. RIB Software SE, the world's leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announce the conclusion of an iTWO 4.0 phase-II-contract with up to 1800 users with an existing client. The customer is a leading European Developer, General Contractor and paving company operating primarily in the Nordics and Baltics. The client is a long-time iTWO pioneer and will roll out upto 1800 users in the first phase in the next year, as part of a migration process from license based iTWO to subscriptions with iTWO 4.0.

Mads Bording Group COO and Executive Board Member: "We are very pleased to have followed the client's deployment of iTWO and they have truly been a pioneer, why our AI-, Cloud- and mobile-first solution iTWO 4.0 is a perfect match. We see that cloud-based platforms are much flexible for the clients and that mobile-based and site-enabled applications such as available on the iTWO 4.0 platforms enables more users to be working integrated and expands our audience with our clients. Great corporation and collaboration between the client and RIB has lead to this successful outcome".

About RIB Group

RIB Software SE is an innovator in construction business. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. Its flagship product iTWO 4.0 is the world's first 5D BIM enterprise cloud solution with AI integration for construction companies, industrial companies, developers and project owners, etc. 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 1000 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.