RIB Software SE, global leading provider of iTWO 4.0 cloud enterprise platform technology for the building and infrastructure industries, announces today the acquisition of 75.05% of datapine Berlin shares. This agreement marks the 11th out of 14 M&A deals planned in 2019 to support the development target of a 2 million user base for the MTWO platform and iTWO 4.0 technology.
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.
Jakob Rehermann, Founder and Management Shareholder of datapine: "The focus of RIB on re-platforming the building industry vertical in using artificial intelligence (AI) fits perfectly into the datapine strategy and philosophy. The RIB investment in datapine marks a milestone for our leading international team of data scientists, data analysts, and IT experts in our young company history and confirms our strong market position, emphasizing our technology leadership in innovative BI solutions."
Michael Sauer, Executive Board Member of RIB Group: "We are excited to be 'running together' with the BI champions from datapine. Our global teams will build together in 2019 an advanced, intelligent, and intuitive iTWO Data Visualization creating interactive, easy to use, management boards. This will give customers the ability to build data-based business solutions to improve productivity. Everybody can become a data expert."
Mirko Heide, Executive Director at IEG – Investment Banking Group, 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”.
IEG – Investment Banking Group has acted as exclusive financial advisor to datapine.