Stuttgart, Germany, October 28, 2019. RIB Software SE, global leading provider of iTWO 4.0 cloud enterprise platform technology for the building and infrastructure industries, announces today the acquisition of 75.05% of datapine Berlin shares. This agreement marks the 11th out of 14 M&A deals planned in 2019 to support the development target of a 2 million user base for the MTWO platform and iTWO 4.0 technology. RIB’s 2020 plan includes 16 additional M&A deals within the announced investment phase (Q4 2018 to Q4 2021) with a 30-60% average revenue growth rate within the 13 quarters.
Founded in 2012, datapine is one of the most successful and profitable start-ups in Europe. Serving over 200 clients and 5,000 users in 25 countries, the growing worldwide demand for Business Intelligence and related services has reached over 10 billion Euros and is supplied by well-known software brands like Microsoft Power BI, Tableau, and other specialized products with a focus on vertical industries.
With the datapine BI solution on the RIB MTWO Platform, iTWO users can analyze big data out of multiple systems over artificial intelligence and can create automated graphs and charts in a very simple way. The target is that the user can digest all relevant information in one minute over the dashboard, which comes from a single source of truth database. The datapine solution simplifies big data complexity, which is one of the principal disciplines in the data age. The vertical datapine BI industry solution will accelerate RIB’s midterm target of 2 million users by empowering users to develop data-based business solutions and data expertise.
In 2019, RIB Group plans to establish a worldwide, leading business intelligence solution center for the building industry in Berlin.
Jakob Rehermann, Founder and Management Shareholder of datapine: “The focus of RIB on re-platforming the building industry vertical in using artificial intelligence (AI) fits perfectly into the datapine strategy and philosophy. The RIB investment in datapine marks a milestone for our leading international team of data scientists, data analysts, and IT experts in our young company history and confirms our strong market position, emphasizing our technology leadership in innovative BI solutions. The future focus on 100,000 RIB clients worldwide and on the building vertical which represents 10 trillion USD annual revenue opens up a once in a lifetime opportunity because the demand is now stemming a high growth phase in this industry vertical.”
Michael Sauer, Executive Board Member of RIB Group: “We are excited to be ‘running together’ with the BI champions from datapine. Our global teams will build together in 2019 an advanced, intelligent, and intuitive iTWO Data Visualization creating interactive, easy to use, management boards. This will give customers the ability to build data-based business solutions to improve productivity. Everybody can become a data expert. Building together with datapine will increase RIB’s competence in Business Intelligence in the building vertical to the highest level and empower RIB clients with value added MTWO Platform and iTWO Technology.”
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 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 more than 900 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.