RIB Software AG (RSTA) has signed an iTWO Phase II deal with the Nordic postal service Posten AB, Sweden


RIB Software AG / Key word(s): Contract

2015-01-12 / 14:04


RIB Software AG (RSTA) has signed an iTWO Phase II deal with the Nordic postal service Posten AB, Sweden

Stuttgart, Germany, 12 January 2015. Posten AB (The Nordic postal service) Stockholm, Sweden and RIB Software AG have concluded a phase II deal for the introduction of the new iTWO component iTWOfm. iTWOfm is a cloud-based iTWO component that will serve all Nordic properties, which are more than 2 million m². This deal with Posten AB is the first large iTWOfm agreement in the Nordic Region.

Michael Sauer, CFO of the RIB Group stated "With this conclusion of the contract we are happy to have entered another technology partnership with a notable company in the Nordic Region. We are excited about delivering our solution to another Nordic company which has the vision of an integrated and sustainable solution to manage their portfolio of works. The deal amount will be proportionally recognized over five years starting in 2015."

Mads Bording, CEO of RIB Limited in Copenhagen stated "I am very pleased to extend our agreement with Posten AB based on the great results we have achieved in the Danish branch. The introduction of iTWOfm and the accompanying solutions are not only cost saving activities, but also directly correlating with the bottom line of our clients business due to the vast impact on productivity, employee engagement and ability to reduce carbon footprint."

About Posten AB
PostNord offers communications and logistics solutions to, from and within the Nordic Region. PostNord is also proud to be entrusted with ensuring mail delivery to private individuals and business in Sweden and Denmark. In 2013, PostNord delivered 5.9 billion letters and shipments, 110 million parcels and 2.5 billion kilos of goods to the Nordic Region's 25 million residents and two million businesses.

With their expertise and a unique distribution network, they are developing the basis for tomorrow's communication, e-commerce, distribution and logistics.

PostNord AB was established in 2009 through the merger of Post Danmark A/S and Posten AB. The parent company, PostNord AB, is a Swedish public limited company with headquarters in Solna, Sweden. PostNord is owned 40% by the Danish State and 60% by the Swedish State. Voting rights are shared 50/50 between the owners. Key Figures: 39.5 billion SEK in net sales, 39.000 employees, 5.300 distribution points in the Nordic Region, 5.9 billion letters and other mail items, 110 million parcels, 2.5 billion kilos of goods, 40% reduce of carbon dioxide emissions until 2020.

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 the construction business worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM 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 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, etc.

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