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. 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.