Exactal Welcomes Strategic Investment by RIB
Exactal is pleased to advise the recent acquisition of 25% of Exactal shares by RIB.
As part of the acquisition, RIB have also placed a large order for 2D licences of dxAPI, Exactal’s integrated measurement technology product. This will be integrated with RIB’s existing product line in order to enhance their measurement technology delivery.
Helmut Schmid, CTO of RIB Software AG, highlights the benefits of the partnership: “With Exactal technology, we will be able to simplify the transition for our iTWO community to model-based workflows by using the add-on of the 2D quantity determination. We are very pleased to have found a partner with Exactal, who, like RIB, has a high level of competence in construction industry. By investing in Exactal, we will maximize the synergy effects and create opportunities that will benefit both companies.”
Mark Kefford, Executive Chairman & Founder of Exactal, noted of the deal: “The investment by RIB in both the company and our technology is further recognition of Exactal’s growth in the worldwide marketplace. We are looking forward to working with RIB as both a strategic investor and an important customer.”
Murray Freeman, Exactal CEO, added: “The RIB investment is a solid endorsement of Exactal’s world class technology and we are excited about the business potential that this deal will bring over the coming years. Exactal will continue to develop its 2D, 3D & 5D BIM technology in line with market requirements as we continue to expand our presence on the world stage.”
For further enquiries please contact Exactal Sales via e-mail at sales.int@rib-software.com
About Exactal
Established in Brisbane, Australia in 2003 to develop software specifically for the quantity surveying and estimating market, Exactal has continued to expand its worldwide presence. It now has offices in Brisbane & Melbourne in Australia, London & Manchester in the UK, Auckland in New Zealand, Austin in the USA, Kuala Lumpur in Malaysia, and Singapore and Hong Kong. The company also has sales and channel partner support across much of the globe. The main product CostX® provides an integrated BIM and 2D on-screen measurement solution with a unique integration between the cost estimates and the elements on the drawing files that the estimate represents. This approach keeps estimates up to date and allows drawing revisions to be easily evaluated to eliminate traditional scope creep in construction projects.
About RIB
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.
To read more on RIB, visit http://www.rib-software.com