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RIB Software SE (RIB) signs a Phase-II-contract (No. 19 / 2021) with a leading IoT Company

Back09.04.2021

DGAP-News: RIB Software SE / Key word(s): Contract/Agreement
09.04.2021 / 14:35
The issuer is solely responsible for the content of this announcement.

09-April-2021

RIB Software SE (RIB) signs a Phase-II-contract (No. 19 / 2021) with a leading IoT Company

Dubai, United Arab Emirates, 09 April 2021 - RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology and MTWO Cloud technology for the construction industry, today announced the conclusion of a Phase-II-contract with a leading innovator in 3D motion tracking technology and products.

From smartphones and tablets to smart clothing and wearable devices, the customer is enabling a new era called the IoT "Internet of Moving Things," where the movement and context of everyday objects and devices can be measured, monitored and analysed, generating valuable data and insights that will transform the way consumers live and businesses operate. The sensor fusion technologies provide a seamless interaction between the physical and the digital world in consumer electronics devices and professional applications such as healthcare, sports and industrial applications.

The agreement was executed through RIB's ERP division, Levtech Consulting jointly with RIB Cloud supporting the digital transformation initiative with the deployment of a cloud-based IT backbone. RIB Cloud has designed and migrated the client's on-premises IT assets onto Microsoft Azure, supported by RIB Cloud's 24/7 managed Azure services.

With significant business expansion underway, the customer was keen to develop a digital blueprint to ensure that business processes could easily extend as operations expanded. RIB embarked on a Business Process Analysis and Cloud Design exercise which outlined the digital transformation roadmap for the customer, across their global operations spanning China, Europe and US. Based on a template-driven approach, RIB will now deliver the pilot implementation covering automation of financial management, supply chain, manufacturing and service management, apart from integrations to third-party tools. This will be further followed by rapid rollouts of the cloud business platform in multiple territories and subsidiaries across China and US.

Anilesh Kumar, CEO, Levtech Consulting: "We are excited to partner with a leading technology innovator in their own digital transformation journey. The Internet-of-Moving-Things and sensor technology industry is experiencing rapid growth and it is crucial for high-growth technology companies to look inward and standardize their own processes to deliver operational efficiency through automation. In close collaboration with our sister company, RIB Cloud, we aim to deliver a future-proof cloud business platform based on Microsoft Azure and Dynamics, which will aid the technology innovator scale rapidly in coming months and years."

Berend-Jan van Maanen, Managing Director RIB Cloud: "It's a great to be entrusted with this important partnership and we wanted to honor that trust. As a cutting-edge technology company that has gone global using their own IP and Cloud technology, we share a common mindset with the client. Our shared culture of teamwork, getting things done and growth worked very well and yielded the right results. This is a what our mission is about: 'Help busines achieve more with Cloud technology'."

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.



09.04.2021 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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