RIB Software AG (RSTA) signs a P8 Deal and Channel Partnership with HongYe Technology to Enter Mass Market in China for iTWO 5D Technology


RIB Software AG / Key word(s): Contract

22.12.2014 / 12:26


RIB Software AG (RSTA) signs a P8 Deal and Channel Partnership with HongYe Technology to Enter Mass Market in China for iTWO 5D Technology

Guangzhou, China, 12-22-2014. RIB Group, the world's leading Big Data 5D BIM technology provider, has signed the first Chinese channel partnership agreement and a P8 deal with HongYe Technology, the leading engineering design software company in China, for iTWO 5D Technology to enter the mass-market in China. This is also the first channel partner of RIB in the world outside of Germany.

The historic collaboration between RIB Group and HongYe Technology will explore the fast developing mass market of BIM construction technology in China, and make it the second home for iTWO 5D BIM Technology. HongYe shows strong confidence in doubling RIB's China business in 2015 through the cooperation. Apart from product distribution, HongYe will also help bring the China localization of iTWO to the next level.

To become the first RIB Gold Partner, HongYe signed an iTWO P8 deal, and will develop soon their own iTWO COE team through intensive training and certification by RIB. The RIB-certified iTWO COE Team in HongYe will offer consulting service and technical support to HongYe clients directly. HongYe is also planning to build their own iTWO 5D lab in Shanghai and Beijing to support the channel sales activities and training.

HongYe Technology has concentrated on computer aided design (CAD) software development for engineering design industry for 22 years. With over 160 staffs located in 3 branches - Beijing, Shanghai and Luoyang, HongYe Technology has gained strong brand influence in China.

According to Xiaojun Wang, Chairman of HongYe Technology: "BIM development in China is driving on a high-speed freeway, I believe iTWO 5D end to end technology, which brings visual into physical process, is the advanced solution to integrate design, construction and operation maintenance in the whole life-cycle. I hope the partnership with RIB could open a broad way for iTWO in China, and bring significant benefits to Chinese users."

Thomas Wolf, CEO of RIB Group, commented in the signing ceremony: "I'm happy that HongYe takes the responsibility to open the technology in China, running together as a community. This could help us to get breakthrough for the technology in China. RIB has been focusing on the top companies in the world, cooperating with big companies to localize and standardize iTWO in different parts of the world. Together with HongYe, we can offer this technology now not only for the few big companies, but for the whole market in China. In Germany we have 100 thousand iTWO users, and we target at 1 million iTWO users in China. We hope to bring Bauhaus in the 21st century to China, and together bring China to be the No.1 in BIM 5D construction industry."

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 / License 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.

22.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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