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RIB Software AG: RIB Software AG (RIB) signs a Phase II iTWO contract (no. 9 / 2016) with a rapid growing Finish General Contractor FIRA OY (FIRA)

DGAP-News: RIB Software AG / Key word(s): Contract
RIB Software AG: RIB Software AG (RIB) signs a Phase II iTWO contract (no. 9
/ 2016) with a rapid growing Finish General Contractor FIRA OY (FIRA)

30.06.2016 / 10:21
The issuer is solely responsible for the content of this announcement.

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30-06-2016

RIB Software AG (RIB) signs a Phase II iTWO contract (no. 9 / 2016) with a
rapid growing Finish General Contractor FIRA OY (FIRA)

Copenhagen, Denmark, 30th June 2016. RIB Software AG, the world's leading
provider of 5D BIM Big Data technology for the construction industry, today
announced the conclusion of a phase II deal with Finish contractor FIRA.

FIRA is one of the fastest growing builders in Scandinavia and according to
an article made by London Stock Exchange holding company (LSEG) one of 20
boosting companies from Finland out of 1000 companies creating substantial
economic growth. The aim for FIRA is to be able to integrate the supply
chain through utilization of iTWO 5D end-to-end, meaning more collaboration
amongst the project stakeholders early on to identify and eliminate risk,
increase productivity and share knowledge in order to optimise the build
virtually before physical execution.

"iTWO 5D will allow us to integrate our processes and stakeholders much
better in order to deliver more value to our clients. This combined with a
new business model will support our strategy and future growth targets,"
said Jussi Aho, CEO of FIRA OY.

"During the past 6 months we have developed a new business model, meet with
other iTWO partners and we are looking forward to continuing the
transformation of the construction industry with iTWO 5D as core of our
end-to-end business system connecting BIM with procurement, financial
information, master data, field tools to build an integrated system for our
stakeholders in our supply chain," said Otto Alhava, CIO of FIRA OY.

"The core capabilities of RIB and iTWO, namely New Thinking, New Technology
and New Working Methods are rapidly changing the construction industry
globally. I am proud to see how our technology and know-how supports the
transformation of our partners to building virtually before physically like
automotive and other advanced industries, how they use technology and core
capabilities to eliminate risk instead of distributing risk to secure
higher productivity and better results for their partners and clients,"
said Mads Bording, Deputy Board Member of RIB Group.

"We are very happy to see a global trend of building virtually before
physically and how the Nordic market is taking a leading role in the
transformation of the construction industry from a traditional to an
advanced industry", said Michael Sauer, Executive Board Member of RIB
Group.

About RIB Group
RIB Software AG is an innovator in construction business. The company
creates, develops, and offers iTWO³ - new thinking, new working method and
new technology - for construction projects across various industries
worldwide. iTWO today is the world's first Cloud / License based Big Data
5D BIM enterprise solution for construction companies, industrial
companies, developers and investors. Since its inception in 1961, RIB
Software AG 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 about 700 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.


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30.06.2016 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.

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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
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart; Terminbörse EUREX


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475935 30.06.2016