RIB Software SE, DE000A0Z2XN6

RIB Software SE, DE000A0Z2XN6

19.12.2017 - 08:53:58

YTWO Formative Signs a Pilot Phase Agreement with One of the Leading Integrated Property Developers in Asia

19-December-2017

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

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 joint 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%.

19.12.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: RIB Software SE Vaihinger Str. 151 70567 Stuttgart

Germany Phone: +49 (0)711-7873-0 Fax: +49 (0)711-7873-311 E-mail: info@rib-software.com Internet: www.rib-software.com ISIN: DE000A0Z2XN6 WKN: A0Z2XN Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange   End of News DGAP News Service

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@ dgap.de

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