RIB Software AG (RSTA) has signed an iTWO 5D Phase II deal with a leading global Oil and Gas EPC firm
Atlanta, GA, 06 January 2015. RIB Software AG, the world's leading construction 5D Big Data enterprise project delivery solution provider, today announced the signing of a Phase II contract with one of the largest global oil and gas EPC companies with corporate headquarters in Houston, Texas USA.
With the implementation of iTWO, the EPC firm will deliver enhanced construction service offerings which will not only improve productivity and profitability, but also have a significant impact on the energy industry. Based on the agreement, RIB will be working as a technology partner to further develop the future IT standard in the Oil and Gas EPC sector.
"RIB is excited about this important Phase II strategic partnership. RIB is known as the leading provider of advanced IT solutions, and this agreement further exemplifies our commitment of running together to collaborate with companies that share our vision of the iTWO big data end-to-end solution for the construction industry." said Thomas Wolf, Chairman and CEO of RIB Software AG."
"We are very proud of our strong reputation and thrilled to be working on this exciting undertaking. This partnership underscores the benefit of iTWO's already unmatched technology and illustrates that with declining oil prices, now is the time to implement more efficient processes and technology that minimize organizational tools and encourage new ways of thinking and working together", said RIB Americas CTO Mickey A. Carr. "Following our highly successful introduction of iTWO in the American market, this agreement represents the 4th License agreement with a leading American based company in the last 4 months."
About RIB Group
RIB Software AG is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for the construction business worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM 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 700 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, etc.