RIB Software AG (RSTA) signs a Phase II upgrade deal with Global Retail Property giant Westfield (Scentre) for RIB iTWO Cloud Collaboration solution
Sydney, Australia, 08 July 2014. Global retail premises leader Westfield (now known as Scentre Group) has continued its roll-out of the iTWOcx Cloud platform across the portfolio of capital projects and upgrades to its vertically integrated retail property operating platform. iTWOcx Cloud from RIB is being utilised on the Warringah Mall, Chatswood, Fountain Lake and Chermside developments. This brings to $700+ Million the total of Westfield projects under management by the iTWO platform. The strategic partnership between RIB and Westfield and the adoption of iTWO is planned to accelerate over the coming year.
iTWO Cloud from RIB is being used by all those who work on the projects and is used for Document Management, Best-Practice Business Processes for Project Quality, Defects, Contract Administration, Project Safety, Project Risk Mitigation and auditable Project Communication. Westfield are benefiting quantifiably from the innovative 'heads-up' dashboards which are delivered in real time through the patented iTWOcx data centric and forms based forum discussion paradigm. This enables management by exception which brings 25%+ productivity improvements. Westfield have found this iTWOcx unique capability invaluable.
Scentre Group has also co-invested in joint solution developments including iTWOcx Tenders for Lump Sum Tendering and iTWOcx OH&S for project safety and compliance submission management. These innovative extensions to the iTWOcx capabilities will be embedded over the next months.
The Group's strategy is to develop and own superior retail destinations in major cities by integrating food, fashion, leisure and entertainment and by using technology to better connect retailers with consumers. The Group continually improves its portfolio by developing existing centres, acquiring new centres and exploring opportunities in new markets. Many shopping centres in the portfolio are owned in partnership with the world's leading property investment institutions.
Ian Watt, Regional Director of RIB Software ANZ says "RIB is very proud that such a global leader as Westfield has embraced the iTWO New Thinking and New Way of Working. It is clear that the benefits delivered by the disruptive innovation of the iTWO platform is paying dividends."
Sanjay Sivanandan, President of RIB Asia Pacific & Middle East stated "This is a clear win for RIB and our world leading forum based iTWO cloud collaboration technology solution against all competitors. We are committed to strong, innovative clients such as Westfield (Scentre) Group that see iTWO technology as a competitive differentiator that improves their effectiveness and bottom line, and will support them strongly as part of our technology partnership"
The Westfield Group is an Australian shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities. The multinational company is listed on the Australian Securities Exchange and has interests in and operates one of the world's largest shopping centre portfolios with investment interests in 103 shopping centres across Australia, the United States, the United Kingdom, New Zealand and Brazil, encompassing around 23,000 retail outlets and total assets under management in excess of A$63 billion.
About RIB Group
RIB Software AG is an innovator in construction industry. The company designs, develops, and offers iTWO technology for the construction industry worldwide. iTWO is the world's first Cloud-based Big Data BIM 5D enterprise solution for construction industry. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new technology, new thinking and new working method 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 about 600 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector, etc.