YTWO Formative Signs a Pilot Phase Agreement (05 / 2017) with One of the Leading Integrated Property Developers in Asia

December 19, 2017 - Corporate News
Johor Bahru, Malaysia

YTWO Formative, the world’s first cloud-based, combined 5D BIM and supply chain management enterprise platform provider for building and housing industries, recently announced the conclusion of a pilot phase agreement with one of the world’s leading integrated property developers.

Headquartered in China, the new YTWO strategic partner is a large developer that operates in over 400 cities across China and overseas. Through the partnership with YTWO Formative, the partner will optimize their entire construction workflow including the supply chain of its complex urban development project through digitalization and industrialization. The end-to-end cloud-based IT technology of YTWO platform will enable seamless collaboration among all the project stakeholders and effective project data management under one integrated system. The target of the partnership is to generate overall benefits up to 30% for the partner.

Rebecca Wang, the Chief Corporate Business Development Officer of YTWO Formative, comments, “ We are pleased to see more and more forward-thinking global industry leaders join us in the digitalization and industrialization journey. We are delighted to have this technological relationship with such a strong partner with whom we share a vision about how the future should be built. YTWO Formative will continuously focus on supporting our partners on sustainable and future-oriented developments with the cutting-edge YTWO Platform. With the CG Group, MyHome, Roy Ceramics SE, an American Home Builder and one of Asia’s leading integrated property developers, we have already gained five partners for the YTWO platform.”

 

About YTWO Formative

Established in 2016, YTWO Formative is a joint venture of RIB, the world’s leading web-based 5D BIM enterprise solution provider, and Flex, the global supply chain management solutions provider. Combining digitalization and industrialization, YTWO Formative offers a fully integrated end-to-end cloud-based 5D BIM enterprise platform to support the building and housing industries worldwide. The digitalized and industrialized working process can generate savings and benefits of up to 30%.

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 over 1,000 talents in over 30 offices worldwide, RIB is serving 100,000 users including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.

© 2017 RIB Software SE