The story
1961–1967: Founding
RIB was founded in 1961 by Volker Hahn, Fritz Leonhardt, F.W. Bornscheuer and six other employees at its headquarters in Stuttgart, Germany. With the IBM 1620 the systematic application of EDP for structural analysis begins.
1968–1978: Infrastructure & Structural Design
In 1968, RIB developed a program for the calculation of visibility on planned roads, and started to extend automatic drawing on other areas of construction work, like tunneling and hydraulic engineering. Shortly afterwards, the first finite element program (FEM) was applied in the German construction industry for plates, discs, and folding units.
1979
In 1979, RIB launched its first program system, IDEALOG for AVA and cost estimation. It was used for all public construction administrations of the federal and state governments.
Later, the programs for road construction and civil engineering are combined for structural engineering. RIB also developed software for tendering, awarding, accounting, calculation, and construction management.
2004–2010: International Expansion & Launch of iTWO
Read the full text
In 2004, RIB established an international R&D center in Guangzhou, China. At the end of 2009 and 2010, RIB opened 10 new regional offices, three in the USA, two in mainland China, and one each in Dubai, India, Singapore, Australia, and Hong Kong.
In October 2009, RIB introduced the German version of RIB iTWO, the English version of RIB iTWO was introduced in April 2010, and the Simplified Chinese version in July 2010.
2011–2016: IPO & iTWO World
On February 8, 2011, RIB Software AG shares were listed in the Prime Standard of the Frankfurt Stock Exchange. The issue price of the RIB share was €9.25.
In November 2013, RIB Software AG hosted the first iTWO World Conference in Hong Kong, China, which has been held annually since then and has established itself as an integral part of the iTWO community.
2017: Conversion into A European Company (SE)
On April 3 2017, RIB Software AG completed its conversion into a European Company (Societas Europaea/SE) and from then on traded under the name RIB Software SE.
2018–2019: Launch of MTWO
On April 20, at the Signing Ceremony of MTWO in Hong Kong, China, RIB, and Microsoft jointly announced that they would work together on a Proof of Concept of MTWO.
2020–Present: Takeover by Schneider Electric
In July 2020, the French group Schneider Electric announced a complete transaction of a public takeover offer for RIB with the offer of €29 per share. RIB was valued at €1.4 billion.
From Wikipedia’s article on RIB Software, shared under CC BY-SA 4.0.5