Köster Group concludes phase II contract for iTWO Cloud

March 28, 2014 - Corporate News
Stuttgart, Germany, 28 March 2014. The Köster Group from Osnabrück, Germany, and RIB Software AG have concluded another phase II contract within the framework of their technology partnership. Based on the first phase II order in December, the existing iTWO Big Data 5D platform is to be supplemented with iTWO Cloud MM (purchasing) and iTWO Cloud BPM (Business Partner Management). With an annual revenue of approximately €900 million (2012), the Köster Group, which is made up of the Osnabrück-based Köster GmbH and the Stuttgart-based Baresel GmbH, is one of Germany’s leading construction businesses.

Dr. Hans-Peter Sanio, member of the Executive Board of RIB Software AG, comments as follows on this deal: “With this step, we are consistently expanding the existing technology partnership with the Köster Group, especially in order to integrate our new iTWO Cloud solution with the iTWO Big Data 5D platform as effectively as possible. With the new mobile cloud applications like iTWO Cloud BPM and iTWO Cloud MM, we reach the mobile workplaces on the construction site (field), where 10 times as many licences can be achieved.”

About the Köster Group

The Köster Group is a modern, service-oriented group of companies from the construction industry, which performs complex structural engineering, civil engineering, turnkey construction, tunnelling and environment technology services throughout Germany. From 18 cities, 1,500 construction specialists deliver high technical competency in the immediate vicinity. The core proposition of the successful group of companies focuses on technically perfect completion and sustainable economy of all construction projects. Its goal is to promote its customers’ business. 

For more information (in German), see www.koester-bau.de.

About RIB

RIB Software SE is an innovator in construction business. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in iTWO³ – new thinking, new work and new technology – to enhance construction productivity, and to transform the global construction industry into the most advanced and digitalized industry in the 21st century. RIB iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction, real-estate and industrial business.

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.

© 2017 RIB Software SE