RIB Software SE acquires SaaSplaza
RIB Software SE, the world’s leading provider of iTWO 5D BIM Cloud enterprise platform technology for the building, construction and real estate industries, today announced the signing of the third MTWO MSP (Managed Service Provider) partnership and investment agreement with SaaSplaza, the world’s leading cloud provider of Microsoft Azure and Dynamics Services with offices around the world and customers in 80 countries.
This investment follows RIB's previous investment in ICS located in the U.S. and A2K headquartered in Australia and continues the MTWO initiative with Microsoft following the capital increase in the first half of 2018 to build up the world's first vertical cloud for the construction and real estate industries, which account for USD 10 trillion in global expenditure, or 14% of global GDP in 2017, and expected to grow to USD 14 trillion by 2025 according to a McKinsey Global Institute report.
SaaSplaza has over 300 partners, both VARs and ISVs across Dynamics and general software solutions. Since 2008, the company has successfully established Global Cloud Services businesses in the Microsoft regions across Europe, South-East Asia, China, Pacific, Canada, USA and LATAM and currently has offices in Amsterdam, Munich, Toronto, San Diego, Shanghai, Singapore and Sydney.
Tom Wolf, Chairman and CEO of RIB, comments, “The RIB investment in SaaSplaza is another exciting development in our drive to build the largest vertical cloud over the Microsoft MSP network with MTWO. Our SaaSplaza deal in November follows our A2K deal in September and our ICS deal in August and will now provide us with comprehensive access to SaaSplaza's worldwide cloud expertise and services. RIB will continue to implement our Cloud and GTM strategy during 2018-2020 and integrate MSP partners in other regions of the world. We are moving forward to offer the MTWO platform to other construction and real estate companies and to provide the access of our iTWO technology to at least 80% of the global market. We believe that MTWO, the world’s first vertical cloud platform for the construction and real estate industries, is the right option for our target customers.”