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RIB USA is ready now for take-off, investment in leading US based cloud team to support up to 30 MTWO Phase II/III deals in 2020 completed / Henry Gordillo joins RIB Global MTWO Cloud Alliance

Back20.01.2020

DGAP-News: RIB Software SE / Key word(s): Investment
20.01.2020 / 09:17
The issuer is solely responsible for the content of this announcement.

20-January-2020

RIB USA is ready now for take-off, investment in leading US based cloud team to support up to 30 MTWO Phase II/III deals in 2020 completed

Henry Gordillo joins RIB Global MTWO Cloud Alliance

Atlanta/Puerto Rico, USA, 20 January 2020. RIB Software SE, the world's leading provider of Cloud enterprise platform technology in the Proptech and Contech sector, today announced the successful conclusion of the investment in Intech, a leading Cloud Team headquartered in Puerto Rico with a customer base across USA and Latin America.

Henry Gordillo, Founder and CEO of Integration Technologies Corp. (Intech), is an outstanding entrepreneur and cloud and IT infrastructure expert who has a proven track record over multiple years. His cloud business grew in 2019 over 47% while his Cloud related EBIT/DA went up over 250% at the same time. Intech provides a superior cost advantage for service, project delivery and coordination with multilingual English and Spanish speaking team to support North America, Latin America, and South America offering the highest quality at the lowest cost. Intech, aligned with RIB Cloud's Headquarters in Amsterdam (RIB Cloud/SaaSplaza), will not only offer Infrastructure as a Service for MTWO clients but also 24/7 fully managed services network, firewall, contact center, cyber security, back and recovery, as well as cloud platform and digital transformation solutions and services, Intech will be integrated into the RIB MTWO Cloud and Webservices ecosystem which has offices around the world to offer a global Cloud infrastructure 24/7 based on highest quality, performance, and value. Henry Gordillo has been entrusted by the largest organizations in the Caribbean to handle their IT infrastructure and Cloud technology and operations and has proven that he can manage cost to reach high EBIT/DA in fast growing cloud business.

RIB has initially purchased a 60% share from Intech's financial investors. Going forward, the management and Henry Gordillo will keep 40% for the next 3-5 years and support the expansion and further profit growth of the 8-10 Million USD business unit in the midterm. RIB has secured a call option for 100% integration.

The target is to offer GO LIVE in 48 HOURS of the MTWO enterprise cloud platform using a pre-configured iTWO best practice version.

After increasing the USA sales organization by 500% in 2019, by way of the U.S. CAD investment, RIB plans to go for over 30 MTWO/iTWO 4.0 Phase II/III large deals in 2020 offering not only a SaaS Cloud platform but also IaaS and all related services.

Drew Mullady, CFO of RIB Americas: "We're excited to welcome Henry Gordillo into our global MTWO Alliance of Proptech and Contech entrepreneurs. RIB has the strongest entrepreneurial management teams in our cloud platform business vertical. With our first-class sales organization entering the North American market in February, our leading MTWO Native Cloud platform, and our pre-configured 48 HOURS GO LIVE solution, I anticipate the breakthrough of our MTWO/iTWO 4.0 technology will lead the digital transformation of the 1 Trillion USD building vertical."

Henry Gordillo, Founder of Intech: "It's very exciting to become a part of the MTWO Global Alliance family, to focus on the building vertical, and to run hundreds of thousands of MTWO / iTWO users in America. Our joint goal is to lead in digital transformation and to catapult the building industry into one of the most technologically advanced industries. RIB Cloud is already today one of the leading global 24/7 cloud platform providers. What our team will add now is a value proposition of outstanding service at a competitive cost structure. Our Latin American team will run fully synchronized with Amsterdam, Singapore, and San Diego. I feel honored to be invited to be part of the joint MTWO Initiative between RIB and Microsoft to build the top global Cloud platform for the building vertical and will not rest before we have reached the goal."

Berend-Jan Maanen, RIB Cloud CEO: "We are proud that we could win the entrepreneur Henry for our MTWO cloud team. The RIB US sales team including U.S. CAD with the top entrepreneurs Danny Counts and Jeff Rachel are planning to sign up to 30 new large clients (phase II/III) for our MTWO/iTWO offering in 2020. Same time we want to shorten the GO LIVE time to 48 HOURS. Here we had the task to increase our capacity within a perfect cost structure. After scanning the whole American market for cloud teams, we quickly understand that we need a combined English/Spanish speaking high scalable team with huge multi years client experience in USA but same time with strong experience in using the south American cost base to support a fast-growing cloud platform. We were looking also for a real strong entrepreneur and experience in our MTWO cloud technology and the related services. The target should have a size of around 10 Million USD and proven growth track record in revenue and profitability (EBIT/DA). With Intech we found the right organization and the right entrepreneur just in time and we are sure that we will find a similar partner also for Asia in 2020."

Tom Wolf, CEO RIB Group: "We have successfully increased our Global MTWO Alliance by 14 investments in 2019. In 2020, we will continue to increase our alliance month by month and deliver quarter by quarter against our announced midterm plan. We will increase our MTWO/iTWO platform user base to over 100.000 as planned and try to outperform our revenue and EBIT/DA 2020 guidance like we could do in the last periods. 2020 could become our breakthrough year. With partnership cooperations, including Microsoft and Autodesk, we are well positioned. The target is to develop the strongest global team in the field with entrepreneurial spirit and the joint vision to digitally transform the building industry, and to build cities and infrastructure for the Generation Z. Henry has impressed us as a charismatic entrepreneur and he fits into the super motivated RIB top management team."

About Intech

Intech is a leading provider of Cloud technologies and general IT Services. Experts of the company consult, design, transform, and manage enterprise-grade cloud solutions for business-critical applications. With 25 years of experience Intech is one of the pioneers in supporting clients to digital transfer their business and move into the cloud. With a huge range of related cloud services Intech is the partner of choice for hundreds of clients across the USA.

About RIB Group

RIB Software SE is an innovator in building and construction industry. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 1,500 talents in more than 30 locations worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.



20.01.2020 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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