RIB AG (RSTA) signs the Second Phase I Deal with One of the Largest and Fastest Growing Dynamic Construction Conglomerate in the Philippines

12.08.2013 - Corporate News

Stuttgart, 12 August 2013. RIB Software AG successfully closed an official agreement with Megawide Construction Corporation on 06 August 2013. The objectives of the strategy partnership are aligned with Megawides goal to their profitable growth and to be the Philippines leading construction conglomerate with the world leading RIB iTWO 5D end-to-end technology.

Megawide Construction Corporation is a publicly-listed construction firm with sixteen years engineering experience in industry, with around 2,000 people worldwide. Through the engineering excellence, Megawide has turned into one of the countrys leading construction firms and is well recognized for its use of advanced construction methods and technology in Philippines. Megawide is one of the main contractors of the SM Group, one of the largest conglomerates owned by Henry Sy, the No. 1 billionaire in the Philippines.

Sanjay Sivanandan, President of RIB Asia Pacific & Middle East, stated that We are excited about the cooperation with Megawide and the opportunity it presents to strengthen and sustain diversified industry growth across our iTWO 5D end-to-end technology. RIB iTWO technology takes one single source of truth to improve productivity and profitability of not only Megawide but also the whole Philippines industry. The economic impact for the country and the economic development of the Megawide are significant.

The RIB Group

RIB Software SE is an innovator in construction business. The company creates, develops, and offers iTWO new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the worlds 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 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 about 800 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.