DGAP-News: RIB Software SE (RIB) signs a Phase-II-contract (No. 23 / 2020) with a leading Australian developer

27-August-2020

RIB Software SE (RIB) signs a Phase-II-contract (No. 23 / 2020) with a leading Australian developer

Brisbane, Australia, 27 August 2020. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a MTWO Phase-II-contract with a leading Australian developer.

The deal was brokered by Cloud A2K, the innovation and future technologies arm of the A2K Group of Companies (a RIB Global Alliance Partner) and supported by RIB.

The client is a leading Australian property group, with an integrated development and asset management capability. They have 45 years of experience in the property industry and an unmatched reputation for delivering superior product and services across their business. They invested in MTWO due to the value that RIB delivers, with the ability to connect all people, processes and data through the platform. This means that stakeholders from all levels of major construction projects are able to easily share information and ensure that data is not lost in the process. Furthermore, with the MTWO Complete Construction Cloud able to support processes throughout the construction chain by drawing upon the wide range of RIB technologies available, there is a great potential for future growth.

Paul Laycock, CEO of Cloud A2K: "In the current climate, companies are looking to ensure they can continue to grow and expand and partnering with RIB allows them to do this. With an investment in the MTWO complete construction cloud, organizations can show themselves to be leaders in digital transformation. We look forward to working closely with the client regarding the implementation."

Murray Freeman, CEO of RIB Asia-Pacific: "We're delighted to see this investment in MTWO & RIB's suite of products. The client is already an existing user of iTWO costX and with MTWO ERP and Collaboration technology, users can ensure that all project data is shared within the enterprise platform and they can have full visibility on project performance. We have no doubt this will be a significant advantage moving forward."

About RIB Group

RIB Software SE is an innovator in the building and construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21^st century.