22-09-2014

RIB Software AG (RSTA) has signed a Phase II deal with a leading power generation and delivery utility corporation in the southeastern United States

This is deal number 11 out of 14 planned Phase-II deals in 2014, and the second iTWO Phase II deal in the American EPC Industry in the past 2 months

Atlanta, GA, USA, 18 September 2014. RIB Software AG the world's leading construction 5D Big Data enterprise project delivery solution provider has signed a Phase II contract (USD > 2.5 million) with a regulated power generation and delivery utility in the southeastern United States.

The power utility corporation plans on leveraging the iTWO platform to take advantage of Big Data and collaboration to enhance the project planning and project delivery process of its electric generation and energy delivery assets. This agreement represents the second iTWO Phase II License agreement with a leading American Utility company in the last 2 months.

"RIB is pleased to have its second Phase II iTWO strategic partnership within 2 months in America. This partnership is yet another example of our global strength in the EPC and Infrastructure market, and will further reinforce our role as market leader in integrated big data platform solutions for construction." said Thomas Wolf, Chairman and CEO of RIB Software AG."

We are very excited about delivering iTWO to another American power generation and delivery utility to support their vision of an integrated and sustainable solution to manage their portfolio of works.", said RIB U.S.COST CTO Mickey A. Carr. "This is an important client for RIB that will further our platform standard for the power utility sector and continue the momentum we have in this segment. Power utilities have a real need to reduce O&M costs and improve efficiencies across their programs which is pushing them to be more innovative and collaborative in how they manage their business and this is exactly what iTWO is all about."

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 700 talents located in over 36 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.