The Digitization-Pioneer of the Construction Industry RIB Software acquired 75.05% of the shares in the data specialist datapine
The Background In the face of the exponential growth of data, companies should strive to ensure that there is easy access to information, as well as comprehensive visualization and communication of relevant data, as this is essential for business decision making. In addition, unhindered access to valuable business intelligence insights promotes innovative thinking and creates valuable competitive advantages. Thereby enabling software democratizing access to data across all business units and not just to IT experts is key. datapine offers a market-leading software for data analysis and visualization enhanced by innovative AI-based features, providing solutions for each step of the Business Intelligence value chain.
The Deal RIB Software SE, the Germany-based provider of technical Enterprise Resource Planning software solutions, has announced the acquisition of a 75.05% stake in datapine, the German developer of data analysis tools. IEG – Investment Banking Group has acted as exclusive financial advisor to datapine. Mirko Heide, Executive Director at IEG, states about the transaction: “By adding datapine’s data analytics capabilities to its portfolio, RIB will strongly enhance its solutions for the digital transformation of the building and infrastructure industries.”
The Partnersdatapine was founded in 2012 with the idea to facilitate the complex process of data analysis through technical innovation. They are active in over 25 countries around the globe and they empower businesses of all sizes, technical and non-technical users alike, to explore, visualize and communicate their information. RIB Software is an innovator in construction business. The company creates, 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.
The Perspective With the datapine BI solution on the RIB MTWO Platform, iTWO users can analyze big data out of multiple systems over artificial intelligence and can create automated graphs and charts in a very simple way. The target is that the user can digest all relevant information in one minute over the dashboard, which comes from a single source of truth database. The datapine solution simplifies big data complexity, which is one of the principal disciplines in the data age. The vertical datapine BI industry solution will accelerate RIB's midterm target of 2 million users by empowering users to develop data-based business solutions and data expertise.