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RIB Software AG (RIB) signs a Phase II iTWO contract (No. 06 / 2016) with Al Rostamani Group in the United Arab Emirates to use its iTWO 5D Big Data Technology

Back19.04.2016

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

2016-04-19 / 16:49
The issuer is solely responsible for the content of this announcement.


19-04-2016

RIB Software AG (RIB) signs a Phase II iTWO contract (No. 06 / 2016) with Al Rostamani Group in the United Arab Emirates to use its iTWO 5D Big Data Technology

Dubai, U.A.E., 19 April 2016. RIB Software AG, the world's leading provider of 5D BIM Big Data technology for the construction industry, announced today they have concluded a Phase II Agreement with Al Rostamani Pegel, one of the leading General Contractors in the United Arab Emirates, to increase the use of iTWO Technology for their construction division Al Rostamani Pegel (ARP). Under this agreement, Al Rostamani will use the iTWO 5D platform from pre-contract and tendering functionalities into post contract and multi-project execution with full integration to their ERP system, leveraging iTWO's advanced project cost controlling and reporting capabilities where all project data is connected, analysed and reported in "real time" under one single source of truth.

Al Rostamani Pegel is a leading name in the UAE Construction Industry with a rich and very successful history, focusing on unique multipurpose high rise buildings, hotels, hospitals, industrial facilities, and other vertical construction. Its highly qualified and experienced staff together with a skilled workforce, adopt modern construction technologies, top notch quality management systems, and leading IT solutions to improve their business processes.

Mr. Chris Williams, Managing Director of RIB Middle East, stated that: "We are delighted to have innovative clients such as Al Rostamani Pegel as technology partners with the vision to recognize that the use of the RIB iTWO 5D Big Data platform will greatly enable them to improve their productivity, reduce costs, time and risk and also improve profitability. We are making a big step in supporting leading Middle East contractors to run their construction business in an integrated end-to-end platform and further integrated to their ERP systems. We are confident to continuously fulfil the expectations from our partners, and to strengthen our market leader role in integrated 5D Big Data solutions for construction."

Mr. Hulusi Sogutlu, Vice President for RIB Software Asia PAC & Middle East, stated that: "We are proud to be associated with a company that understands the benefits of iTWO and its 5D Big Data Technology, and has the vision to keep moving forward as this technology evolves. We consider Al Rostamani Pegel to be a valuable Strategic Partner in this journey."

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.



2016-04-19 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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