Year in Review – RIB 2018 Digital Transformation Journey Highlights

January 22, 2019 - Corporate News

What an incredible year it’s been with RIB and iTWO opening so many new opportunities for our clients, not to mention our revolutionary products. With great anticipation we start 2019, but let’s look back at some of 2018’s achievements!

 

Sizable Revenue Increase

 

  

In the first 9 months of 2018:

  • Group revenues grew by 18.1%
  • Revenues in the iTWO segment rose by 15.1%
  • Recurring revenues increased by 14.8%
  • Guidance for FY 2018 estimated to come in at €124 million – €130 million

 

New Cutting-edge Technology Release

 

Together with Microsoft this has marked a milestone of RIB entering the next leap of development in our platform. MTWO vertical cloud combines RIB iTWO 5D BIM technology with Microsoft Azure in an enterprise solution for developers, contractors, and owners to speed up their digital transformation journey. MTWO provides everything an organization needs in a subscription solution to meet your business demands.

 

RIB and Microsoft’s Hackathons have been a great success! Talents from both sides came together focusing on pitching ideas and addressing opportunities in the McTWO artificial intelligence which is an ever-evolving field, to empower McTWO to offer more to the market.  

 

We are super excited to share the journey to develop the world’s first AI-powered engineer in the coming year. Powered by artificial intelligence, machine learning and deep learning, McTWO can support onsite engineers on their daily tasks, dive deep into the project data to provide smart analytics and insights for construction management, bringing unprecedented productivity and substantially reducing project risk for companies in the industry. This is another milestone to revolutionize the building, construction and infrastructure industry.

 

Inspiring Partnership Success Stories

 

To accelerate the international roll-out of the MTWO technology, RIB is committed to developing its global MSP partner network. The MTWO MSP partner network aims to help companies in the construction industry achieve productivity gains through digital transformation on the cloud.

 

Through the cooperation, the YTWO Platform integrates and works with iTWO PPS (Production Planning & Scheduling) to actualize Myhome’s overarching goal of streamlining prefabrication productions, precast factory management, and lean manufacturing across their nation-wide factories.

 

We are proud to acknowledge the iTWO technology contributing to China Railway Engineering Consulting Group’s BIM project Ji’nan-Qingdao high-speed railway, which started operation on Dec 26, 2018.

 

Strategic Investments

 

Since 2003, Exactal Group has been developing software specifically for the quantity surveying and estimating market. Jointly we can strengthen our market position, whilst continuing the excellent business development that our stand-alone products have seen over the last years.

 

Datengut designs, develops and distributes unique software solutions, enabling a completely new way of working for clients with a focus on mid-sized and large construction companies. Through the participation, we intend to establish a competence center for mobility for the DACH region with a focus on the iTWO app-development.

 

By integrating IMS’ facility management solutions with the cloud-based iTWO 4.0 technology, we will raise efficiency throughout the entire life cycle of buildings and infrastructures to a new level. The existing know-how on both sides ideally complements each other, especially in the areas of IoT, sensor technology, robotics and smart technology, and extends the consistency of our solution from planning and construction through to operation.

 

Landmark Events

 

RIB sponsored and contributed to Die Deutsche Bauindustrie 2018, in which we highlighted MTWO – the world’s #1 vertical cloud for the construction and real estate industries and the vision for AI solution to further accelerate the digital transformation of the construction industry.

 

In Nov 7-8 RIB successfully hosted the 6th iTWO World Conference in Guangzhou, China, with over 40 speakers discussing cutting-edge technologies with new insights. The world’s first artificial intelligence engineer – McTWO, made its gorgeous debut at the conference.

 

Significant Appointments

 

We are proud to announce the appointment of Prof. Dr. Rüdiger Grube, a world-class top Visionary and Leader, as a new member of the RIB Administrative Board.

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.

© 2019 RIB Software SE