RIB achieves breakthrough in the 140 billion euro market for technical building equipment
Stuttgart, Germany, 16 January 2020. RIB Software SE, the world’s leading provider of iTWO 4.0 Cloud Enterprise Platform Technology, today announced the conclusion of a Phase-II-contract with a leading French provider with a subsidiary in Germany in the field of technical building equipment.
With MTWO and iTWO 4.0, industry solutions such as technical building equipment can now be easily configured and new markets can be entered. With MTWO, the sales cycle can also be reduced to less than 1 month or by 80% and Go Live can be achieved in record time thanks to the standard platform.
“In Germany itself, the industry revenue in the technical building equipment sector reaches approx. 140 billion euros with a huge IT user potential of 1.6 million employees. In terms of CAPEX and OPEX costs of all buildings, the technical building equipment sector represents approx. 40% of the lifecycle costs of a building. For RIB this opens up a huge new customer potential. If the strong demand for MTWO and iTWO in recent weeks continues, I am pleased that RIB will create many new jobs in Germany in 2020. With MTWO and iTWO technology, technical building equipment projects can be simulated, optimised and produced efficiently and cost-effectively in all phases. The market is dominated by international technology groups such as Schneider Electric SE and Siemens, which, like RIB, have set themselves the goal of digitizing the construction industry and developing climate-neutral cities and infrastructure for the next generation”, says Erik von Stebut, Managing director/authorized signatory of RIB in Germany.
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 experience 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.