RIB Software AG: RIB Software AG (RIB) signs a Phase II iTWO contract (no. 9 / 2016) with a rapid growing Finish General Contractor FIRA OY (FIRA)


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

2016-06-30 / 10:21
The issuer is solely responsible for the content of this announcement.


RIB Software AG (RIB) signs a Phase II iTWO contract (no. 9 / 2016) with a rapid growing Finish General Contractor FIRA OY (FIRA)

Copenhagen, Denmark, 30th June 2016. RIB Software AG, the world's leading provider of 5D BIM Big Data technology for the construction industry, today announced the conclusion of a phase II deal with Finish contractor FIRA.

FIRA is one of the fastest growing builders in Scandinavia and according to an article made by London Stock Exchange holding company (LSEG) one of 20 boosting companies from Finland out of 1000 companies creating substantial economic growth. The aim for FIRA is to be able to integrate the supply chain through utilization of iTWO 5D end-to-end, meaning more collaboration amongst the project stakeholders early on to identify and eliminate risk, increase productivity and share knowledge in order to optimise the build virtually before physical execution.

"iTWO 5D will allow us to integrate our processes and stakeholders much better in order to deliver more value to our clients. This combined with a new business model will support our strategy and future growth targets," said Jussi Aho, CEO of FIRA OY.

"During the past 6 months we have developed a new business model, meet with other iTWO partners and we are looking forward to continuing the transformation of the construction industry with iTWO 5D as core of our end-to-end business system connecting BIM with procurement, financial information, master data, field tools to build an integrated system for our stakeholders in our supply chain," said Otto Alhava, CIO of FIRA OY.

"The core capabilities of RIB and iTWO, namely New Thinking, New Technology and New Working Methods are rapidly changing the construction industry globally. I am proud to see how our technology and know-how supports the transformation of our partners to building virtually before physically like automotive and other advanced industries, how they use technology and core capabilities to eliminate risk instead of distributing risk to secure higher productivity and better results for their partners and clients," said Mads Bording, Deputy Board Member of RIB Group.

"We are very happy to see a global trend of building virtually before physically and how the Nordic market is taking a leading role in the transformation of the construction industry from a traditional to an advanced industry", said Michael Sauer, Executive Board Member of RIB Group.

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.


2016-06-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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