RIB Software AG (ticker symbol RIB) signs a Phase II contract with the state of Mecklenburg-Western Pomerania
Stuttgart, Germany, 20 January 2016. RIB Software AG, listed under the stock symbol RIB since 7 January 2016, today announced the conclusion of the 1st Phase II Deal in the current financial year 2016. The contract was signed with the Mecklenburg-Western Pomeranian Department for Construction and Property. Therefore the state of Mecklenburg-Western Pomerania decided on using the RIB e-tender platform (iTWO e-Vergabe Public) to manage tender procedures electronically and in accordance with the latest EU-Guidelines.
The core functions of the Mecklenburg-Western Pomerania Department for Construction and Property are planning and realization of construction projects of the federal government and the State of Mecklenburg-Western Pomerania. In addition administration, management, development and utilization of the state-owned properties are important functions. Using the RIB software the customer is able to process tendering and contracting considerably more efficient, transparent and secure.
Erik von Stebut, Managing Director of RIB Deutschland GmbH comments: "We are very happy to have attained another large and important state authority to use our platform. Already today, a construction volume of up to EUR 6 billion are tendered with the RIB tendering platforms."
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.
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