RIB Software AG (RSTA) signs a Phase I iTWO 5D deal with China’s No.1 real estate developer Vanke Group to deliver iTWO 5D BIM management for Vanke

November 11, 2014 - Corporate News

Guangzhou, China, 11 November 2014. Vanke, China’s No.1 real estate company and the world’s No.1 house developer and RIB Group, the leading 5D BIM technology provider in the world, signed an iTWO 5D Phase I deal to start Vanke’s iTWO 5D management era.

Vanke Group, is famous in its product quality, enterprise management, and project management quality with leading technology and new method practices. Vanke’s Headquarters Research Center is in charge of bringing in the iTWO new technology and new methods, and Vanke’s regional companies will use iTWO 5D management in their projects. The first iTWO 5D management practice will be in Vanke’s Chengdu Regional Chongqing Company and it is forecast that iTWO 5D technology will be gradually brought to other Vanke projects.

Thomas Wolf, CEO of RIB Group, commented: “We are proud to serve the No.1 house developer in the world and the China No.1 real estate developer, and to support Vanke to become the most advanced and technology driven real estate developer in the world. Through RIB supporting Vanke gradually to enterprise level, RIB will help Vanke to achieve more profitability, project management upgrades, environmental protection and social responsibility.”

Bill Tang, RIB Group’s China Market Head commented: “Only a good looking BIM model for visualization cannot bring enough benefit for real estate developers. Vanke cares more that the BIM model based 5D management can help its numerous projects’ big data collection, accumulation and smart analytics so as to achieve Vanke’s data value and standardization, which can provide knowledge for the future land evaluation, construction quality management and facility management. I believe this is why Vanke likes iTWO 5D.”

About RIB

RIB Software SE is an innovator in construction business. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. Its flagship product iTWO 4.0 is the world’s first 5D BIM enterprise cloud solution for construction companies, industrial companies, developers and project owners, etc. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With more than 900 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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