Stuttgart, Germany, 18 April 2019. RIB Software SE, the world’s leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announced the increase of its stake in Datengut GmbH from 51% to 75%. The purchase price was partly paid in treasury shares and cash.
Michael Sauer, Executive Board Member of RIB Group: “On the basis of the very successful business development of Datengut and the extremely positive reactions of our customers to the extended product portfolio in the Mobility segment, we have decided to expand our participation from last year. Together with the specialists from Datengut, we will continue to concentrate on setting up a competence center for mobility within the DACH region.”
“By integrating mobile data applications of Datengut with the iTWO platform, we are creating a solution that on the one hand provides all project-relevant data in a single application on site and on the other hand represents a modern and customer-oriented extension of the iTWO enterprise solution. We are looking forward to extending the productive collaboration with RIB’s team in this expanding area”, says Michael Woitag, Managing Director of Datengut GmbH.
Datengut designs, develops and distributes unique software solutions, enabling a completely new way of working for clients in a variety of industries, with a focus on mid-sized and large construction companies. With the Datengut software kit, data from existing data sources (such as Financial Accounting, ERP, e-mail, CRM, DMS, …) are taken over and combined in a single web application. The result is a command center with comprehensive options for viewing, controlling and managing operational processes. All relevant data can be accessed and processed on the go, even offline via the App. Important processes and procedures that are linked to the information (capture, check, release, evaluation, planning, etc.) are automated, optimized and standardized. In 2012, a small team around the Managing Director and idea generator – Michael Woitag – spun off from another software company. Nearly 80 highly motivated and qualified employees work in the areas of development, programming, project implementation, sales and marketing at the location in Zwenkau (district of Leipzig).
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.