DGAP-News: RIB Software SE / Key word(s): Agreement/Contract
RIB signs 2020 - 2022 follow-up agreement with Microsoft to co-sell MTWO to top 1000 global clients in 2020
RIB Software SE (RIB) signs a Phase-II-contract (No. 4 / 2020)
Stuttgart, Germany, 6 February 2020. RIB Software SE, the world's leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announced that RIB's and Microsoft's global sales teams will continue to co-sell the MTWO solution for the next 3 years to selected, top 1000 clients in USA, Asia/Pac and EMEA. Based on their joint success story in the past 24 months to develop a joint vertical cloud platform for the building (AEC) industry, the two companies reaffirm their commitment to the partnership. Under the new agreement, the two parties will continue to co-sell, but also solidify their ties by agreeing to co-fund a large marketing campaign and to continue their joint Hackathons to support the McTWO AI development.
The first construction companies in the US, Australia, India and UK will have access to the MTWO enterprise building cloud next week and there will be a more detailed status report in the announcement of the preliminary FY2019 results on next Thursday.
The MTWO Cloud 48-Hour solution strives to shorten the 3 to 6-months implementation cycle for up to 100 users to not more than 48 hours after contract signing. RIB has set up a ready-to-use, pre-defined implementation that contains best practice solutions for different clients, such as contractors, owners, investors and developers. The distribution will be executed by the new, top 100 global RIB-certified sales team and the top key account managers of Microsoft. In 2020, the target is to sign over 30 large deals and to increase the number to over 100 in 2021.
The MTWO Building Cloud offers over one hundred cloud-based modules for pre-construction, execution construction and side management like 2D take-off, BIM, estimation, scheduling, supply chain management, tendering, controlling, forecasting, invoicing, business intelligence, defect management, digital handover, collaboration, LoB, subcontractor portal, etc. Its advantage is not only its 5D BIM functionality, but also that all data are available in a single source of truth, which allows to the development and deployment of AI technology to further drive efficiency growth.
RIB further announced the conclusion of the MTWO phase-II-contract. The customer is an internationally active, family-owned company that is one of the leading and most successful companies in Germany in the design, development, implementation, marketing and management of food markets, DIY stores and specialty shopping centers.
Erik von Stebut, Managing director/authorized signatory of RIB in Germany: "We are pleased that we were able to convince the company of the broad technology and service spectrum of the MTWO platform. The integrated cloud-based solution covers a large part of the customer's value chain in the area of project development and construction operations. On the other hand, users receive fully integrated software for accounting as well as an app to enable them to work more efficiently and on the construction site on a mobile basis. In addition to the software and consulting, we also provide SaaS and IaaS (Infrastructure as a Service) as well as managed services in this project. With this contract, we have been able to win further users for the RIB MTWO and thus strengthen our position within the international platform race".
About RIB Group
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 with AI integration 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 1000 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.
|Company:||RIB Software SE|
|Vaihinger Str. 151|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||969969|
|End of News||DGAP News Service|