RIB Software AG : RIB & Yonyou - leading Chinese and Asian ERP provider with 1.5 million customers to Offer Integrated 5D End-to-End Enterprise Solution in Q3

Guangzhou, China, 24 June 2013. The executive President Xiang Qihan of Yonyou Software Co., Ltd (www.yonyou.com), the Beijing based and Shanghai listed leading ERP software provider of China with 1.5 million customers, 100 branches or subsidiaries and 12,500 employees and the CEO of RIB Software AG (www.rib-software.com) from Stuttgart Germany have signed a strategic partnership agreement to offer an integrated 5D BIM end-to-end solution NC iTWO.   

The China and Asian building construction market covers up to 50% of the world construction volume, and up to 30% of the Chinese GDP or 30% of the world second biggest economy. Yonyou is the most trusted ERP solution provider for thousands of top clients in the construction field, and has the deepest understanding about the Chinese market, leveraged by strong relationships to key decision makers. RIB is the world's leading integrated 5D BIM Total Cost Management (5D TCM) provider.

Thomas Wolf, CEO RIB AG Hong Kong:
"I strongly believe we can increase our German user base from 100,000 to 200,000 users. China offers a minimum opportunity of 1 Million NC iTWO users in the future (5 times that of Germany). I was greatly impressed by Yonyou's outstanding executives and professionals for construction and real estate industry including construction and real estate business GM Ms Chen Liyan, deputy GM Chen Sen and construction division GM Xie Yanhui. I think Yonyou has the strongest ERP team for construction and real estate industry not only in China but also in Asia. Together with our strategic partner Yonyou, RIB AG will introduce BIM virtual design and construction technology into the Chinese market. The Chinese Government has set new requirements demanding big projects utilize 5D BIM technology by 2015."

The 2013 iTWO individual user license is priced at 20,000 USD before technology/marketing partnership discounts.

RIB runs an R&D campus in Science City Guangzhou (2 hours from Hong Kong) with over 150 software experts, who have developed a Chinese version of iTWO.

Dr. Peter Sanio CTO RIB AG Stuttgart:
"We have invested up to 1,000 man-years into the first integrated 5D BIM end-to-end solution, and into a strong R&D team in China. We are well prepared for the market entry together with Yonyou. Like VW we believe Germany and China can become our second home markets in the future. By the end of the year we will have 200 native German, 200 native Chinese and up to 200 native English speakers within RIB Group. We have carefully checked the Yonyou NC (New Century) Finance & Accounting, HR and CRM functions and technology. We believe the product NC (New Century) offers the most advanced technology, high flexibility and tailor-made functions for the made-to-order industry. The NC iTWO solution will lead to a strong ROI for our Chinese and Asian clients."

Michael Sauer CFO Stuttgart:
"The strategic partnership with Yonyou will offer us the foundation to reach our targeted average 30% plus growth target up through 2020 (Q1, 2013 29%). We continue to seek a leading market position in key global areas including: Europe (D, A, CH), North America (USA/Canada) and Asia (China) to be recognized as the global leader in the construction field. These markets represent over 10% of the global GDP and will reach over 10 Trillion USD volumes by 2020."

Yonyou's press release can be found in:
http://www.yonyou.com/news/130621/20132621022624.shtml

About Yonyou
Yonyou software Co., Ltd. ("Yonyou", in Chinese, "