RIB Software SE (RIB) signs a Phase-II-contract (No. 21 / 2018) with TenneT
Stuttgart, Germany, 09 November 2018. RIB Software SE, the world’s leading provider of iTWO 5D BIM Big Data technology, today announced the conclusion of a Phase-II-contract with TenneT.
Erik von Stebut, Managing Director/Authorized signatory of RIB in Germany, comments on the agreement as follows: “As a result of an EU-wide tendering process, RIB was awarded the contract to introduce the iTWO technology as a central tool for end-to-end and integrated project management. By using the iTWO technology, the company will be able to improve planning quality, use resources efficiently and optimize project times. We at RIB are proud to support TenneT as a reliable IT partner for its extensive energy infrastructure investment projects.”
TenneT is one of the leading transmission system operators (TSO) for electricity in Europe with operations in the Netherlands and Germany. With approximately 23,000 kilometers of high and extra-high voltage lines, the company ensures a reliable and secure power supply for 41 million end users. The energy system transformation and the network expansion law require considerable investments. By investing in intelligent technologies, TenneT creates the conditions for a successful and smooth investment process.
About RIB Group
RIB Software SE is an innovator in construction business. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. Its flagship product iTWO 4.0 is the world’s first 5D BIM enterprise cloud solution with AI integration for construction companies, industrial companies, developers and project owners, etc. Since its inception in 1961, RIB Software SE 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 1000 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.