DGAP-News: RIB Software AG: RIB AG (RSTA) signs iTWO Phase III with Leading North European Construction Company YIT
(firmenpresse) - DGAP-News: RIB Software AG / Key word(s): Contract
RIB Software AG: RIB AG (RSTA) signs iTWO Phase III with Leading North
European Construction Company YIT
29.08.2013 / 19:52
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29-08-2013
RIB AG (RSTA) signs iTWO Phase III with Leading North European Construction
Company YIT
Helsinki, Finland, 29 August 2013. RIB Software AG has signed a Phase III
US$ 5 million agreement with YIT Corporation, the NASDAQ OMX Helsinki
listed company and leading European developer, builder and service provider
in residential, business premises, and infrastructure construction.
YIT the EUR 2 billion construction company is the largest residential
construction company in Finland and the largest foreign residential
construction company in Russia. With the strategy partnership with RIB, YIT
plans to strengthen its high competence in all businesses in Finland,
Russia, the Baltic countries and Central Eastern Europe. 'YIT is one of the
worldwide pioneers in 5D end-to-end Technology', said Thomas Wolf, CEO RIB
AG Hong Kong. 'The strategy partnership gives us a strong confirmation that
world leading construction companies are committing to replace their
in-house tools by standardizing on an integrated solution, which is a
thrilling direction for RIB.'
'As a strong player in the European market, which is highly developed, YIT
has shown its management level, quality level, and trustful partnership
spirit - similar to our RIB's philosophy', said Michael Sauer, CFO RIB AG
Stuttgart, 'This will allow RIB to introduce iTWO's 5D end-to-end
Technology to other European construction firms and grow this attractive
market with high IT standard', said Sauer.
Peter Sanio, CTO RIB AG Stuttgart: 'We are proud that YIT as the European
leading construction company and RIB as market leader in 5D end-to-end
Technology agree on running together and to bring the newest technology to
the construction industry. It gives us confidence that the trend of moving
in-house tools to a standard solution is unstoppable and will be widely
adopted through 2020.'
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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29.08.2013 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.
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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(at)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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228226 29.08.2013
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Datum: 29.08.2013 - 19:52 Uhr
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