28-03-2014

Köster Group concludes phase II contract for iTWO Cloud

Stuttgart, Germany, 28 March 2014. The Köster Group from Osnabrück, Germany, and RIB Software AG have concluded another phase II contract within the framework of their technology partnership. Based on the first phase II order in December, the existing iTWO Big Data 5D platform is to be supplemented with iTWO Cloud MM (purchasing) and iTWO Cloud BPM (Business Partner Management). With an annual revenue of approximately EUR900 million (2012), the Köster Group, which is made up of the Osnabrück-based Köster GmbH and the Stuttgart-based Baresel GmbH, is one of Germany's leading construction businesses.

Dr. Hans-Peter Sanio, member of the Executive Board of RIB Software AG, comments as follows on this deal: "With this step, we are consistently expanding the existing technology partnership with the Köster Group, especially in order to integrate our new iTWO Cloud solution with the iTWO Big Data 5D platform as effectively as possible. With the new mobile cloud applications like iTWO Cloud BPM and iTWO Cloud MM, we reach the mobile workplaces on the construction site (field), where 10 times as many licences can be achieved."

About the Köster Group

The Köster Group is a modern, service-oriented group of companies from the construction industry, which performs complex structural engineering, civil engineering, turnkey construction, tunnelling and environment technology services throughout Germany. From 18 cities, 1,500 construction specialists deliver high technical competency in the immediate vicinity. The core proposition of the successful group of companies focuses on technically perfect completion and sustainable economy of all construction projects. Its goal is to promote its customers' business. For more information (in German), see www.koester-bau.de.

About RIB Group

RIB Software AG is an innovator in construction industry. The company designs, develops, and offers iTWO technology for the construction industry worldwide. iTWO is the world's first Cloud-based Big Data BIM 5D enterprise solution for construction industry. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new technology, new thinking and new working method 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 600 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector, etc.