Stuttgart, Germany, 18 July 2014. RIB Software AG announced today the signing of a Phase II contract (US$ <2 million) for the introduction of iTWO BIM 5D with a leading European developer. Thereof about 75% will be recognized in income in third quarter 2014.
Thereby RIB Software AG was able to conclude 1 Phase III, 7 Phase-II and 2 Phase-II upgrades of the 14 planned Phase-II Deals in the current financial year 2014.
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.