Stans, Switzerland I 2 December 2020 – SoftwareONE Holding AG, a leading global provider of end-to-end software and cloud technology solutions, and RIB Software today announced a strategic partnership to accelerate bringing to market the world-leading MTWO vertical cloud solution for the Architecture, Engineering and Construction (AEC) industry globally. The partnership represents a significant growth opportunity for both companies to jointly drive digitalization of one of the world’s largest sectors.
Headquartered in Stuttgart, Germany, RIB Software is a provider of cutting-edge digital technologies for the AEC industry. Based on one integrated cloud platform, the company’s MTWO platform combines its flagship iTWO 4.0 technologies with Microsoft Azure to offer a 5D Building Information Model (BIM) for contractors, developers and owners. The solution significantly improves efficiency and reduces costs for the AEC industry by facilitating workflows and guiding users from virtual to physical realization of their projects. In addition, it generates additional insights by utilizing AI, big data and advanced analytics.
Through the partnership, SoftwareONE will leverage its global market presence and expertise to bring to market RIB Software’s MTWO solution globally. To successfully launch the collaboration, SoftwareONE will build up capabilities within sales, marketing and services, including over 50 channel sales units in 2021. In addition to SaaS sales, SoftwareONE will be able to help customers with cloud migrations and provide related managed services, further expanding its Solutions & Services offering.
The partnership represents a commitment to jointly fuel technological innovation for the benefit of customers in the AEC industry. With annual global construction spend estimated at US$10 trillion (equivalent to 13% of GDP), the industry represents one of the world’s largest sectors and employs 7% of the world’s workforce, according to McKinsey. However, adoption of digital technologies remains low, resulting in significant productivity challenges. Driven by government initiatives, the emergence of new technologies and subscription-based models, the industry is today embarking on its digital transformation journey to better manage risks, avoid rework and waste.
“By bringing together the power of SoftwareONE’s global sales and service delivery capabilities with RIB Software’s world-leading MTWO platform, we will be able to accelerate digital transformation across the AEC industry. This partnership will enable all stakeholders to mutually benefit from each other’s experience, expertise and capabilities, while enhancing SoftwareONE’s portfolio and growth trajectory,” said Dieter Schlosser, CEO of SoftwareONE.
“Enterprise cloud and digital transformation are now top of mind for our largest 10,000 software customers. Our world-leading SaaS platform MTWO runs on Microsoft Azure, but is also agnostically available on other hyperscalers. We have chosen SoftwareONE as our global partner to combine our MTWO platform with best-in-class cloud services, available via 50+ channel sales units in 2021. Together, we aim to support thousands of customers with best practice cloud solutions which can go live within 48 hours. We are ‘Running Together’ and ‘Building Together’ the future of business for our customers in the AEC industry,” said Tom Wolf, CEO of RIB Software.
The partnership will come into force at the beginning of 2021. No terms or financial details have been disclosed.
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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.