TORONTO, June 26, 2018 (GLOBE NEWSWIRE) -- IBI Group (TSX:IBG), a global design and technology firm, launched its InForm by IBI Group asset management platform today. A cloud-based solution to help clients manage assets, make informed maintenance and planning decisions, and ultimately reduce operational costs, the product serves two key market sectors: InForm Office for facilities management and space planning, and InForm Transportation for linear infrastructure. InForm Buildings for building operations is currently in development. Offered as a Software-as-a-Service (SaaS) solution, the InForm by IBI Group platform is a scalable system that supports effective asset management.
“InForm by IBI Group offers our clients a powerful platform to minimize the lifecycle costs of their assets. It is an asset management solution that leverages the wealth of data generated during the design phase of a project to intelligently manage building and infrastructure assets on an ongoing basis,” said IBI Group CEO, Scott Stewart. “This increased focus on providing solutions related to the operations and maintenance of the assets we design, while creating additional revenue streams for the firm, is an exciting part of IBI’s new strategic direction.”
InForm Office supports building owners, facilities managers and tenants in managing their second highest business expense, real estate space and the contents of that space. This system tracks furniture, IT equipment and other interior assets, as well as offering clients space usage analytics. These utilization analytics give clients the ability to identify underutilized work areas, floors and/or departments to which space has been over-allocated. Clients can effectively maintain floorplans based on staff turnover, identify costs per employee, and produce chargeback reports for business leaders and department heads to discourage waste.
Incorporating detailed building information models, InForm Office offers clients the ability to interact with a three dimensional model of their building, providing a depth of building data and an ease of use unique to the asset management market. Additionally, IBI Group’s rich expertise in interior design consulting and drawing management offers a holistic approach to space planning for clients.
InForm Transportation is used to manage linear infrastructure assets, including cameras, signs, signals, and sensors for highway operations. IBI Group is expanding the use of this system to our core infrastructure client base, extending it to transit agencies, municipal operators and our international clients.
The InForm by IBI Group portfolio will continue to evolve as additional products and modules are released, including the InForm Buildings product which is currently under development. Designed for building owners and maintenance providers, InForm Buildings will allow clients to track all operational assets, including boilers, chillers, pumps and HVAC systems, and will also feature an energy analytics module.
InForm by IBI Group is part of the firm’s new Strategic Plan, A Smarter Urban Future, released last month, which maps out the firm’s transformation to a technology-driven design firm, future-proofing IBI Group through four, bold, strategic streams. This plan will help the firm unlock growth in its core business through the application of productivity tools and processes developed by the firm’s own technology group. IBI Group is releasing a suite of new Software-as-a-Service (SaaS) products throughout 2018, creating new revenue streams throughout the lifecycle of the assets it designs. The first of these launched in March, Smart City Platform by IBI Group, which helps cities make better choices for, and with, their residents. InForm by IBI Group is the second of these products, with additional product releases scheduled for later this year.
For more information on InForm by IBI Group, visit our website, or to speak with an IBI Group professional, please contact Julia Harper at Julia.harper@ibigroup.com or 647-330-4706.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain statements in this news release may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and its subsidiary entities, including IBI Group Partnership or the industry in which they operate, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this news release, such statements use words such as “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this news release. These forward-looking statements involve a number of risks and uncertainties.
These risk factors are discussed in detail under the heading “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2018. New risk factors may arise from time to time and it is not possible for management of the Company to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance or achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as at June 26, 2018. The Company updates these assumptions at each reporting period and adjusts its forward-looking information as necessary.
About IBI Group
IBI Group Inc. (TSX:IBG) is a globally integrated architecture, planning, engineering, and technology firm with over 2,500 professionals around the world. For more than 40 years, its dedicated professionals have helped clients create livable, sustainable, and advanced urban environments. IBI Group believes that cities must be designed with intelligent systems, sustainable buildings, efficient infrastructure, and a human touch. IBI Group is a lead partner of the Smart Cities Council North America. Follow us on Twitter @ibigroup and Instagram @ibi_group.
Media Contact:
Julia Harper, IBI Group
julia.harper@ibigroup.com
1-416-596-1930 ext. 61187
or 1-647-330-4706