RIB signs an iTWO 4.0 Phase-II-contract with Siemens AG

October 31, 2019 - Corporate News

Stuttgart, Germany, 31 October 2019. RIB Software SE, the world’s leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announced the conclusion of an iTWO 4.0 Phase-II-contract with Siemens AG. The contract was signed with the Siemens Gas and Power Division.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Erik von Stebut, Managing Director/Authorized signatory of RIB in Germany, comments on the agreement as follows: “We are very pleased that this contract will enable us to push forward our collaboration with one of the world’s leading technology groups. The end-to-end and fully integrated iTWO 4.0 platform enables Siemens to digitize the entire project management process in a future-proof and efficient manner. We at RIB will continue to support the company as an innovative and reliable partner in the future.”

About RIB

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.

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