Stuttgart, Germany, 04 September 2018. RIB Software SE, the world’s leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of the first MTWO Cloud agreement with a major Australian utility company. This will be the first users going live on the MTWO platform, which is RIB’s fully cloud based iTWO technology, deployed on Microsoft Azure. The MTWO enterprise agreement will bring the first 100 subscribers to the platform using the cloud based 5D BIM technology to realize capital projects in the most advanced way.
Following a comprehensive tender and evaluation process, the customer awarded the contract to RIB to deliver the MTWO solution to integrate the entire value chain through cloud first technology and provide transparency for all stakeholders.
“The changing demands within the construction industry calls for digital awareness and acceptance. With MTWO, the first vertical cloud for the construction industry, this new client will be able to digitalize the entire asset lifecycle from design through to commissioning and over into its maintenance life. We are very pleased to welcome this new client into the RIB family and look forward to running together through their digital transformation journey”, comments John Valeondis, CEO of RIB Software Australia.
“We are very pleased to be able to deliver the first live users on MTWO ahead of schedule already early in H2 2018, which on one side illustrates the big interest from the market in subscription based licenses for iTWO technology, and on the other side the attractiveness of the MTWO concept including with market best 5D BIM applications, Platform as a Service and Infrastructure as a Service in one bundled package easy to deploy, implement and use. We believe this is a very attractive offering in the SME market in parallel to our top 1000 users in the Enterprise segment”, says Tom Wolf, Group CEO of RIB Software.
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.