RIB Software AG (RSTA) signs 2 x iTWO 5D BIM P8 deals (Phase I) with India Corporate Giant, TATA
Mumbai, India, 12 March 2015. Tata Housing, one of the biggest Real Estate Developers of India, and RIB Group, the leading 5D Big Data BIM technology provider in the world, signed 2 iTWO 5D P8 POC deals to develop Tata Housing's vision of using 21st century technology to virtualize and digitize their engineering and construction projects.
Operating in India, Maldives and Sri Lanka; Tata Housing is renowned for delivering high quality projects and constantly raising the industry benchmarks towards better standards in terms of adoption of new technologies. Tata Housing will be using iTWO 5D Technology in two of its landmark development projects in Mumbai, India and Colombo, Sri Lanka. These two projects constitute development of around 3.8 million square foot mixed use areas (hotels, high end residential, retail) and would form the basis of a corporate wide roll of iTWO 5D Big Data technology platform for all current and future Tata projects.
Thomas Wolf, CEO of RIB Group, commented: "We are proud to have Tata, one of the world's biggest real-estate developers located in India, on board. We will support our new global strategic partner becoming one of the leading and most advanced technology driven real estate developers and builders in both India and the world. This will enable Tata Housing to achieve their key goals of improved profitability, project management overview, environmental protection and social responsibility."
Sanjay Sivanandan, President of RIB Asia Pacific & Middle East commented: "As a leading innovator in their field who focus on Total Cost of Ownership, we are very proud to be associated with one of the biggest names in the region. Tata Housing envisions the use of this New Thinking and New Working Method with our iTWO 5D Big Data Technology. We believe that Tata, its dynamic CEO and leadership team have both the vision and the drive to continue leading and revolutionizing this industry with 21st century thinking and technology. We consider Tata Housing to be a key Strategic Partner for RIB in this journey."
About RIB Group
RIB Software AG is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software AG 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 about 700 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.