RIB Software AG (RSTA) signs a Phase I iTWO 5D Deal with Tagen Group in China

June 19, 2015 - Corporate News

Guangzhou, China, 19 June 2015. RIB Group, the world’s leading 5D BIM Big Data technology provider, today announced the signing of a Phase I iTWO 5D Deal with Tagen Group, one of the largest construction and real estate enterprises listed on the Shenzhen Stock Exchange to deliver iTWO 5D BIM technology for their Tagen Technology Building project. The cooperation will help Tagen to start their iTWO 5D management era and fulfil their mission to build a livable and sustainable city by new thinking, new working method and new technology. The target is to use iTWO technology on an enterprise level. Tagen is highly potential to become a Phase II technology partner in 2016.

Tagen Group is an integrated state-holding enterprise listed on the Shenzhen Stock Exchange since 1999. Their main business includes civil engineering, properties development and operation and maintenance services. Its branches includes Tagen Construction, a super class contractor for infrastructure projects with national awards; Tagen Properties, a first class properties developer; Tagen Hotel Management and Tagen Property Management, professional providers of facility operation and management services for commercial & residential properties.  

Tagen Group is devoted to build up a livable and sustainable city for people and improve people’s living standard. Their core value is innovation and pursuit of excellence. Tagen Group chose iTWO after learning about the successful iTWO practice at China Construction Fourth Engineering Division and its outstanding achievement. They will implement iTWO 5D lean management platform in their Tagen Technology Building project to build a benchmark iTWO 5D management project and knowledge database and gradually promote iTWO in the whole group.

Thomas Wolf, CEO of RIB Group, commented: “We are proud to have a new technology partner in the fast developing Chinese market. We will help Tagen to build up the iTWO 5D lean management platform and support them to deliver green and smart projects by saving energy, reducing waste and increasing efficiency. We are very excited to run together with Tagen to build up a livable and sustainable city and upgrade people’s living standard by new technology.”

About RIB

RIB Software SE is an innovator in construction business. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in iTWO³ – new thinking, new work and new technology – to enhance construction productivity, and to transform the global construction industry into the most advanced and digitalized industry in the 21st century. RIB iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction, real-estate and industrial business.

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.

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