RIB Software AG (RSTA) signs a phase II iTWO 5D contract (No. 14 / 2015) with the German real estate group BAUWENS

July 30, 2015 - Corporate News

Stuttgart, Germany, 30 July 2015. RIB Software AG, the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announced the conclusion of a phase II iTWO contract with the real estate group BAUWENS. It is the 14th phase II iTWO contract of a planned 25 in the current financial year 2015 (financial year 2014: 14).

BAUWENS develops, plans and constructs property projects in the sectors of residential areas, office buildings, hotels and shopping centres. The iTWO enterprise solution helps BAUWENS cover the entire value-added process, right the way to the cost-effective execution of construction. Thanks to iTWO, the company, which is headquartered in Cologne, can ensure continuous project monitoring that recognises deviations with respect to project planning and is intended to initiate countermeasures in response.

Dr Hans-Peter Sanio, CTO of the RIB Group, commented: “Now another part of the BAUWENS company group – BAUWENS Development – has joined BAUWENS Construction in opting for our iTWO enterprise solution. We are very pleased to be able to welcome BAUWENS as a new technology partner and to work together on continually improving iTWO 5D to be able to meet the needs of an innovative project developer. The particular focus here will be on the digital real estate estimation, customer and product management and digital acceptance of development projects on the basis of 5D processes.”

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.

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