RIB Software AG (RSTA) signs a Phase II iTWO upgrade agreement with Technip

February 13, 2015 - Corporate News

Atlanta, GA, USA, 13 February 2015. RIB Group, the world’s leading construction 5D Big Data enterprise project delivery solution provider, today announced the signing of a Phase II upgrade contract with Technip, a leading company in the energy industry, to support the second phase of their implementation of iTWO for additional business units in Canada and Norway. Technip has been implementing iTWO to support its tender development and project management in the UK subsea division.

Present in 48 countries, with 38,500 people, Technip is a world leader in project management, engineering and construction for the energy industry. The group offers solutions and innovative technologies, meeting challenges, from the deepest subsea oil & gas developments to the largest and most complex offshore and onshore infrastructures. Technip shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace. The company was recognized for its performance in the Dow Jones Sustainability Indexes.   

“We are very excited about expanding our relationship with Technip and adding another technology partner in the EPC Oil & Gas sector”, said RIB Americas CTO Mickey A. Carr. “Technip has a strong commitment to sustainable development and lean construction which aligns to the RIB principles and we see Technip as a leader in the global energy market and a partner with RIB as we define the new future of project delivery.”

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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