RIB Software AG signs Phase II technology partnership for the iTWO BIM 5D Big Data software solution
Stuttgart, Germany, 18. July 2014. RIB Software AG announced today the signing of a Phase II contract (US$ <2 million) for the introduction of iTWO BIM 5D with a leading European developer. Thereof about 75% will be recognised in income in third quarter 2014.
Thereby RIB Software AG was able to conclude 1 Phase III, 7 Phase-II and 2 Phase-II upgrades of the 14 planned Phase-II Deals in the current financial year 2014.
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.