YTWO Formative Signs its First Deal in US with One of the Leading Homebuilders

11.12.2017 - Corporate News

Sacramento, USA, 08 December 2017. YTWO Formative, the worlds first cloud-based, combined 5D BIM and supply chain management enterprise platform provider for the building and housing industries, today announced the conclusion of a milestone deal with one of Americas leading homebuilders, providing families with approximately 30,000 homes annually across the United States. YTWO Formative has now successfully concluded signings with market-leading real estate developers in its three target markets, the US, Germany and China in the first year since its establishment.

YTWO Formatives new strategic partner is one of the top homebuilders in US with additional business activities in financial services, real estate investment and multifamily rental properties. The partnership with YTWO Formative makes the New York-listed new partner the first company in the US to adopt the YTWO enterprise platform that links 5D BIM technology to smart supply chain management. Through the digitalization and industrialization of the building process, the partner targets to capture up to 30% benefits over the next five years in the construction process. The benefits will be generated through seamless multi-stakeholder collaboration over the cloud-based YTWO platform, improved project execution based on sophisticated virtual project planning, and integrated smart supply chain management.

"Our new partner is the most advanced and innovative homebuilder in the United States. We have found a leading US company that shares our spirit of transformation for the building and housing industries", says Rebecca Wang, Chief Corporate Business Development Officer of YTWO Formative. "The visions of our new partner and YTWO Formative on transforming the homebuilding industry are perfectly aligned: digitalization and industrialization will lead to unprecedented productivity and efficiency gains in the industry. We are excited to start this partnership, and to implement our 5D BIM technology integrated with the supply chain in the American market, after successful signings in Germany and China.

YTWO Formative intelligently integrates a smart SCM solution with 5D BIM enterprise technology, allows to optimize the whole supply chain from raw material to just-in-time on-site delivery, greatly helps to reduce the construction costs and avoid construction delays. With YTWO Formative, the home building industry has started the transformation process into a big data business. All the data from design to supply chain management will be captured, stored, analyzed, visualized, and boiled down to actionable essentials, allowing decision makers to gain more insights in construction management, precision marketing and business model innovation.

About YTWO Formative
Established in 2016, YTWO Formative is a joint venture of RIB, the worlds leading cloud-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%.

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 750 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.