RIB Software : RIB) signs a Phase-II-contract (No. 07 / 2021) with a large Municipality in Denmark

DGAP-News: RIB Software SE / Key word(s): Contract/Agreement RIB Software SE (RIB) signs a Phase-II-contract (No. 07 / 2021) with a large Municipality in Denmark 29.01.2021 / 15:44 The issuer is solely responsible for the content of this announcement. 29-January-2021 RIB Software SE (RIB) signs a Phase-II-contract (No. 07 / 2021) with a large Municipality in Denmark Stuttgart, Germany, 29 January 2021. 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 Phase-II-contract with a large public builder. After a very robust evaluation process with participation from many of the market leading peers, the clients have chosen RIB as its supplier for the next four years with the MTWO Connex platform supporting document management, collaboration, workflows and process management, dashboarding of data, as well as BIM mobility enabling teams onsite to use the 3D BIM models to support processes such as RFI's (Request for Information), NCR's (Non Conformance Report), Change Orders, Commissioning etc. The MTWO Connex platform was chosen based on the user friendliness, spectrum of features and functionalities, ease of implementation and ability to support needs extending from the throughout the supply chain to contractors and sub-contractors. The BIM engine in MTWO Connex is based on a gaming engine, giving the end users an excellent experience on both mobile devices as well as web browsers even with very large and complex BIM models. Mads Bording, CRO of RIB Group: "I am very pleased with the outcome of this process, which is show casing our software's ability to deliver real value to our clients and their partners. The MTWO Connex platform is fully cloud based, can handle 2D drawings in combination with 3D supporting many critical processes for any construction project. As such, the benefits for the end-users are significant, why the client will use this for all its projects and users. I am very happy to see how our teams are executing our cloud strategy and supporting our clients with best-in-class software to digitize, increase efficiencies and as such reduce waste and rework being more sustainable". 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 21st century. 29.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	RIB Software SE
	Vaihinger Str. 151
	70567 Stuttgart
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.rib-software.com
ISIN:	DE000A0Z2XN6
WKN:	A0Z2XN
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1164533

End of News	DGAP News Service

1164533  29.01.2021