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RIB Software SE (RIB) signs a Phase-II-contract (No. 8 / 2020)

Back28.04.2020

DGAP-News: RIB Software SE / Key word(s): Agreement/Contract
28.04.2020 / 09:14
The issuer is solely responsible for the content of this announcement.

28-April-2020

RIB Software SE (RIB) signs a Phase-II-contract (No. 8 / 2020)

Alpharetta, Georgia, 28 April 2020. RIB Software SE, the world's leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announced the conclusion of a phase-II-contract with a leading Transportation Authority in the USA.

The contract was concluded by the US RIB company Building Systems Design (BSD), a specialist in cloud-based data and analysis solutions for the North American construction and real estate industry.

Chris Anderson, CEO of BSD: "The Owner community is a rapidly expanding segment and we are both proud and excited to partner with one of the Top 10 Regional Transit Authorities in the USA, as they execute their 10-year expansion strategy. With our core content and the Owner's proprietary information combined within our dynamic database-driven, cloud-based SaaS solution, the Transit Authority will be able to take full-advantage of the unmatched collaboration features and dynamic linking technology to increase efficiency and specification accuracy, which will ultimately reduce construction costs and promote on-time project delivery."

As part of the complete solution, our US team will also provide ongoing professional services to train and identify process improvements for internal and external teams. And despite the challenges posed by the current COVID-19 outbreak, the remote collaboration capabilities will enable the teams to get to work immediately, meaning projects can move ahead on schedule and on budget, helping ensure area residents and visitors receive the expansion benefits as promptly as possible.

Mads Bording Executive Board Member and Group CRO: "We live in challenging times of uncertainty. I am very happy to see owners as an accelerating segment for our businesses making quick and good decisions towards digitalization. Not only does this equip them to work much more efficiently and connected in the current context, it also enables them to reach the opportunities also present in the market. These good decisions are about ensuring business continuity, but also business improvements and safety for employees. I am proud of the RIB TEAM to be chosen as a partner to support in this endeavor".

About RIB Group

RIB Software SE is an innovator in the building and construction industry. The company 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 the 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 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century



28.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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