Software licence revenues grew by 17.7% (currency-adjusted: 20.2%) to € 18.6 million (previous year: € 15.8 million). Group revenues rose by 17.1% to € 62.4 million (previous year: € 53.3 million). Adjusted for currency effects, Group revenues increased by 21.3% to € 64.7 million (previous year: € 53.3 million).
Michael Sauer, Executive Board Member of RIB Group: “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."
“Having already secured partnerships and implementation of our iTWO 5D BIM technology with the largest and leading construction groups in Benelux, we are pleased to see the acceptance with the smaller of the Class 8 construction companies. iTWO and integrated 5D BIM continue to demonstrate it’s capabilities and unique value propositions despite the size of the organisation, why we are very happy to have Verstraete NV joining our community of innovation leaders. ” says Mads Bording, Executive Board Member of RIB Group.
The customer, a leading global Design & Consultancy firm for natural and built assets, has its headquarters in Europe. They awarded the contract to Exactal based upon CostX’s innovative technology, after an extensive analysis to find the right fit for their team. This is the second Phase II deal for Exactal in this fiscal year.
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The customer is one of the leading providers of technical building equipment/infrastructure in Germany and neighbouring countries. “The constant demand for digitization in the industry shows that more and more companies are recognizing the advantages of digital planning and control of their projects. We are convinced that RIB iTWO technology will help the customer to improve transparency, reduce costs and increase profitability. We at RIB are pleased to accompany the customer on this path,” says Erik von Stebut, Managing Director/Authorized Signatory of RIB in Germany.
Mads Bording Rasmussen, COO and member of the Executive Board of RIB Software SE, recently sat down to talk about the company’s strategies and how they are empowering the construction industry’s digital transformation.
It’s well known that the construction and real estate industries have been slow to adopt new technologies. But many signs point to the fact that digitization in construction is about to catch on in a big way, according to Thomas Wolf who is both the CEO of RIB Software and the interim CEO of a new RIB joint venture with supply chain solutions provider Flex, called YTWO. In February 2018, Voices spoke with Mr. Wolf about how to overcome barriers to digitization, the role of cloud technology, and what industry leaders must do to prepare for—and embrace—change.
Technologies that fully adopt the tenets of Industry 4.0 provide us the opportunity to take our digitalized content and integrate them with industrialized processes to revolutionize the construction industry.
Senior Partner of McKinsey & Company, Dr.-Ing. Gernot Strube, spoke at iTWO World 2017 and shared his insights on the trends and opportunities in the global construction industry, the digital solutions available, as well as the roadmap and imperatives that companies need to take.