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DGAP-News RIB AG (RSTA): iTWO Phase II Agreement No. 6 Signed with Hong Kong Leading Contractor Paul Y Engineering Group - First Phase II Deal in China


DGAP-News: RIB Software AG / Key word(s): Contract
RIB AG (RSTA): iTWO Phase II Agreement No. 6 Signed with Hong Kong
Leading Contractor Paul Y Engineering Group - First Phase II Deal in
China

21.08.2013 / 11:20

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21-08-2013

RIB AG (RSTA): iTWO Phase II Agreement No. 6 Signed with Hong Kong Leading
Contractor Paul Y Engineering Group - First Phase II Deal in China

Hong Kong, 21 August 2013. RIB Software AG has signed a strategic
partnership agreement with the renowned Hong Kong headquartered and stock
listed contractor Paul Y, to roll out iTWO 5D end-to-end technology across
their entire corporate enterprise over the next 36 months.

The objectives of the strategic partnership are aligned with Paul Y's goal
to drive profitable growth beyond their current HK Dollar 7 Billion
business, and to be Hong Kong's leading 5D technology constructor serving
the needs of their clients.

Paul Y has one of the most advanced thinking and technology driven
leadership teams in Asia, possessing a comprehensive understanding and a
clear vision of the future of construction.

'When I first met the COO Mr. W.M. Man on 10 May 2013 together with our
South China Director Kiki Cai, we immediately recognized that RIB & Paul Y
have the combined synergy partner strength to introduce the new iTWO 5D
technology to the Hong Kong and China Market', said Thomas Wolf, Chairman &
CEO of RIB. 'Paul Y clearly has the power, the employees, and the spirit
for success. Their leadership has the strength and vision to integrate the
virtual into the physical construction and generate up to 30% benefits
based on the project size to their clients.'
'Throughout the process, RIB has learned that a strong leader supported by
strong teams like Paul Y can lead to very prospective and successful
partnerships', said Wolf. Paul Y is the 1st 5D lab client for RIB.

Sanjay Sivanandan, President of RIB Asia Pacific & Middle East - 'We are
excited about the strategic cooperation with Paul Y and the opportunity it
presents to strengthen and sustain the profitable growth for our client,
with our world leading iTWO 5D end-to-end technology. Our unique combined
strengths and core competencies will have a significant impact for both the
HK and China Construction markets in redefining the way Engineering and
Construction will be performed in the future.

About RIB Group

With over 15,000 customers, the RIB Group based in Stuttgart is a global
leading provider of 5D end-to-end enterprise solutions for the construction
industry. Founded in 1961, RIB meanwhile holds a leading position in the
global market. The world's largest construction companies, public
administration offices, architecture and engineering firms as well as large
companies in the industrial and plant construction segment around the globe
optimize their planning and construction processes with the aid of RIB
software systems. The company is represented with its own branch offices in
the EMEA, North America and APAC regions.
Further information can be found at: www.rib-software.com.


End of Corporate News

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21.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: RIB Software AG
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: +49 (0)711-7873-0
Fax: +49 (0)711-7873-311
E-mail: info@rib-software.com
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


End of News DGAP News-Service
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226812 21.08.2013


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DGAP-News RIB AG (RSTA): iTWO Phase II Agreement No. 6 Signed with Hong Kong Leading Contractor Paul Y Engineering Group - First Phase II Deal in China DGAP-News: RIB Software AG / Key word(s): Contract RIB AG (RSTA): iTWO Phase II Agreement No. 6 Signed with Hong Kong Leading Contractor Paul Y Engineering Group - First Phase II Deal in China 21.08.2013 / …

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