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RIB Software AG (RSTA) signs a Phase II iTWO contract (No. 25 / 2015) with PORR Group

Back29.12.2015

DGAP-News: RIB Software AG / Key word(s): Incoming Orders

2015-12-29 / 15:32
The issuer is solely responsible for the content of this announcement.


29-12-2015

RIB Software AG (RSTA) signs a Phase II iTWO contract (No. 25 / 2015) with PORR Group

Stuttgart, Germany, 29 December 2015. RIB Software AG, the world's leading provider of 5D BIM Big Data technology for the construction industry, today announced the conclusion of the Phase II Deal and therefore the 25th Big Deal in the current financial year 2015 (2014: 14 Phase II deals). The Contract was signed with PORR Group, one of the largest Austrian and one of the leading European construction companies. PORR will introduce the iTWO 5D enterprise solution in its Austrian and international subsidiaries to consistently integrate the virtual into the physical construction processes.

With its more than 15.000 staff members and an annual revenue of around EUR 3.5 billion (2014) PORR Group is thus one of the leading construction companies in Europe. The services provided cover all areas of the construction industry, from residential construction through to complex infrastructure projects. PORR realizes construction projects of any size and type both within Europe and the wider world.

Michael Sauer, member of the executive board of RIB Group comments: "We're delighted to be able to continue our long-standing collaboration with PORR afterthesuccessful implementation of iTWO 5D Technology inGermany, now as well inAustriaand the international Subsidiaries . Thus another leading Construction Company has decided for our future Technology.

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 construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software AG 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 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 and more.



2015-12-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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