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RIB Software AG: RIB Software AG has signed a Phase II License deal US$ >4 million with a leading power delivery utility in California

DGAP-News: RIB Software AG / Key word(s): Contract
RIB Software AG: RIB Software AG has signed a Phase II License deal
US$ >4 million with a leading power delivery utility in California

24.07.2014 / 11:47

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24-07-2014

RIB Software AG has signed a Phase II License deal US$ >4 million with a
leading power delivery utility in California

Atlanta, GA, USA, 24 July 2014. RIB Software AG the world's leading
construction 5D Big Data enterprise project delivery solution provider has
signed a Phase II contract (US$ > 4 million) with a regulated public
utility in the California region.

A subsidiary of a Fortune 500 company, this California based utility plans
on leveraging the iTWO platform to take advantage of Big Data and 3D
visualization to enhance the project planning and project delivery process
of its electric transmission and substation energy delivery assets. This
agreement represents the first iTWO Phase II License agreement including 5
years of maintenance and consulting service with a leading American Utility
company.

"We are very excited about delivering iTWO to a client in the American
power utility market to support the vision of an integrated and
sustainable, model based solution to manage their portfolio of works." said
RIB U.S.COST CTO Mickey Carr.

In the current financial year 2014 RIB Group herewith succeed to sign its
9th big deal and thereby conclude 1 Phase III, 8 Phase II and 2 Phase II
upgrades in total. Delivery and revenue recognition of the iTWO platform
will be mainly in the period between the third quarter 2014 and the fourth
quarter 2015.

About RIB Group

RIB Software AG is an innovator in construction industry. The company
designs, develops, and offers iTWO technology for the construction industry
worldwide. iTWO is the world's first Cloud-based Big Data BIM 5D enterprise
solution for construction industry. Since its inception in 1961, RIB
Software AG has been the pioneer in construction innovation, exploring and
bringing in new technology, new thinking and new working method 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 about 600 talents located in over 30
offices worldwide, RIB is serving 100,000 clients including construction
contractors, developers, owners, investors and governments, in the field of
building construction, infrastructure, EPC sector, etc.


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Language: English
Company: RIB Software AG
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


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279203 24.07.2014