RIB Software AG (RSTA) signs a Phase II iTWO Deal with the world’s leading research University Georgia Institute of Technology

January 23, 2015 - Corporate News

ATLANTA, GA, USA, 23 January 2015. RIB Group announced that the company has entered into a phase II iTWO agreement with the world’s leading research University, Georgia Institute of Technology (Georgia Tech) in Atlanta, Georgia, to utilize the iTWO 5D software platform and the accelerated iTWO working methodology. Georgia Tech is the first University owner to invest in the leading iTWO big data 5D technology for both its campus investment and its research and teaching programs. The phase II agreement will deliver a P88 package of iTWO licenses to the University.

Georgia Tech has also installed an iTWO 5D Lab on campus. The iTWO 5D Lab is a well configured 5D environment for cross-stakeholder collaborative working and virtual end to end construction for campus projects. Georgia Tech will utilize the iTWO licenses and Lab to support the University’s teaching and big data research, as well as to enable better cost savings and quality control on capital expenditures. The partnership will also enhance the already powerful research capability of Georgia Tech with respect to BIM, Big Data, and engineering.   

Thomas Wolf, CEO of RIB said “RIB is very excited in the partnership with Georgia Tech to define new standards for the construction industry’s next generation of methods that will use BIG Data to perform smart analytics. The new methods and new technology will enable project teams to collaborate using the iTWO platform to learn and study how to better plan, execute and manage construction projects.”

About Georgia Institute of Technology

The Georgia Institute of Technology is a public research institute located in Atlanta, Georgia, in the United States. Also known as Georgia Tech, it is one of the nation’s leading research universities, providing a focused, technologically based education to more than 21,500 undergraduate and graduate students. Georgia Tech has many nationally recognized programs, all top-ranked by peers and publications alike, and is ranked in the nation’s top 10 public universities by U.S. News and World Report. It offers degrees through the Colleges of Architecture, Computing, Engineering, Sciences, the Scheller College of Business, and the Ivan Allen College of Liberal Arts. As a leading technological university, Georgia Tech has more than 100 centers focused on interdisciplinary research that consistently contribute vital research and innovation to American government, industry, and business. It has operated a campus in Metz, France since 1990 and has partnered programs in engineering and logistics in Stuttgart, Shenzhen, Singapore, Panama, and Costa Rica.

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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