RIB signs the second MTWO enterprise agreement equal to a sizable phase-II-contract

MEMPHIS, TENNESSEE – 05. October 2018.

RIB Software SE, the leading provider of 5D BIM Big Data technology, has officially concluded a Phase II MTWO agreement with Fabcon, the national provider of more than 14 million square feet of concrete wall panels, annually, for a full spectrum of building structures across 31 states.

​Fabcon is in the process of growing its list of manufacturing options and as a result had an urgent need to replace its legacy estimating system with a more flexible solution. The company needed a robust platform that would facilitate business growth goals without compromising the Fabcon value proposition: to create and deliver a complete vertical integration of services – everything from predesign consultation through wall panel installation – for overall safe, high-quality, and cost- and time-efficient construction.

​Fabcon leaders selected the MTWO platform, a world-class vertical cloud expressly for the construction and real estate industries – a single platform designed to eliminate information silos between stakeholders. Using MTWO, Fabcon expects to simultaneously maintain quality and control costs through its growth.

​The RIB Americas executive team is confident that MTWO will enable Fabcon to establish a better-than-ever integrated technology ecosystem.

​“Without a doubt, this industry is made up of highly competent experts who regularly and successfully conquer unavoidable challenges that projects of magnitude will always inevitably present, but, traditional solutions simply do not equip these professionals to meet modern-day demands,” Mickey A. Carr, CEO of RIB Americas, said. “As successful as Fabcon has been for decades, the ability to plan, manage and deliver projects with RIB’s cloud-based, fully integrated, 5D platform – MTWO – will translate to sustainable business growth without compromising its initial vision and original mission.”

About RIB Group

RIB Software SE is an innovator in the building and construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB’s flagship cloud-based platform, provides the world’s first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experience in the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.


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