RIB Software
RIB Software is a German construction technology company providing BIM, estimating, project management and enterprise software for the architecture, engineering and construction industry.
Last updated August 31, 2026
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Overview
RIB Software is a German construction technology and enterprise software brand headquartered in Stuttgart. Its products serve the architecture, engineering and construction (AEC) sector, combining building information modeling (BIM), estimating, tendering, cost control, project management, collaboration, business intelligence and construction-site workflows. The company operates through subsidiaries and branches across Europe, the Middle East and Africa, Asia-Pacific and North America, and has maintained an international presence of more than 20 branches. The company was established in 1961 by Volker Hahn, Fritz Leonhardt, F. W. Bornscheuer and six other employees. Its early work focused on applying electronic data processing to structural engineering. Using an IBM 1620, RIB developed computational methods for structural analysis, helping introduce systematic computer use into parts of the German construction industry. During the late 1960s and 1970s, the company expanded into road visibility calculations, automated technical drawing, tunneling, hydraulic engineering and finite-element analysis for structural components such as plates, discs and folded structures. A major early commercial step came in 1979 with the launch of IDEALOG, a program system for AVA processes and cost estimation. The system was used by public construction administrations at federal and state levels in Germany. RIB subsequently broadened its software portfolio to include tendering, awarding, accounting, calculation and construction management, moving beyond specialist structural analysis toward integrated construction information systems. Internationalization accelerated in the 2000s. RIB established an international research and development center in Guangzhou in 2004 and opened multiple regional offices between 2009 and 2010 in the United States, mainland China, Dubai, India, Singapore, Australia and Hong Kong. Its iTWO platform was introduced in German in 2009, followed by English and Simplified Chinese versions in 2010. iTWO became a central expression of RIB's strategy to connect BIM, cost planning, construction scheduling, project control and enterprise processes in a common digital environment. RIB became a publicly traded company when its shares entered the Prime Standard of the Frankfurt Stock Exchange on 8 February 2011. The company used acquisitions and partnerships to add estimating, collaboration, cloud, specification, business intelligence and regional construction-software capabilities. Notable transactions included MC², ProjectCentre, U.S.COST, Exactal, SaaSplaza, Datapine, Construction Computer Software, SoftTech Engineers and other businesses serving construction and engineering markets. In 2017, RIB converted from a German stock corporation into a European Company and adopted the legal name RIB Software SE. It also developed MTWO, a cloud-oriented construction technology initiative announced with Microsoft in 2018. The MTWO concept extended RIB's integrated platform strategy toward cloud deployment and Microsoft technology. In 2020, Schneider Electric announced a public takeover offer for RIB at €29 per share, valuing the company at approximately €1.4 billion according to the cited reference material. RIB subsequently became a Schneider Electric subsidiary. The brand remains associated with construction software, BIM-enabled workflows and digital transformation across the global AEC industry.
History
RIB Software began in Stuttgart in 1961, when Volker Hahn, Fritz Leonhardt, F. W. Bornscheuer and six other employees founded a company devoted to applying electronic data processing to structural engineering. Its initial computing work used an IBM 1620 and addressed the systematic calculation of structural problems, an early application of digital methods in the German construction sector. Between 1968 and 1978, RIB expanded from structural calculations into broader civil and infrastructure engineering. It developed software for calculating visibility on planned roads and extended automated drawing methods to tunneling and hydraulic engineering. The company also applied finite-element methods to plates, discs and folded structures. These activities established a technical base spanning structural design, civil engineering and computational analysis. In 1979, RIB introduced IDEALOG, its first major program system for AVA processes and cost estimation. The product was used by public construction administrations at German federal and state levels. Over time, RIB added functions for tendering, awarding, accounting, calculation and construction management. This broadened the business from specialist engineering software into a more comprehensive construction information and administration platform. RIB's international expansion became more pronounced during the 2000s. It opened an international research and development center in Guangzhou in 2004. Around 2009 and 2010, it established ten additional regional offices, including locations in the United States, mainland China, Dubai, India, Singapore, Australia and Hong Kong. The company launched the German version of iTWO in October 2009, followed by English in April 2010 and Simplified Chinese in July 2010. iTWO represented RIB's effort to integrate BIM, estimating, scheduling, cost management and construction control. RIB entered the Frankfurt Stock Exchange's Prime Standard on 8 February 2011. From 2012 onward, it pursued an acquisition-led expansion that added estimating, project management, Microsoft Dynamics expertise, cloud services, specification data, business intelligence and regional construction technology. Transactions included MC² in the United States, ProjectCentre in Australia, U.S.COST, Cosinus Informationssysteme, Docia, Iceprice, Soft SA, Exactal, SaaSplaza, Datengut, Cadline, BSD, Construction Computer Software, Capricot, Datapine and SoftTech Engineers. RIB also made investments in Winjit, VIM AEC and Bochaosoft. The company hosted its first iTWO World Conference in Hong Kong in November 2013. The event became an annual gathering associated with the iTWO user and partner community. In April 2017, RIB completed its conversion into a Societas Europaea and began operating under the name RIB Software SE. RIB continued its cloud and platform strategy through MTWO. In April 2018, RIB and Microsoft announced a proof-of-concept collaboration for MTWO at a signing ceremony in Hong Kong. The initiative connected RIB's construction software capabilities with Microsoft's cloud and technology ecosystem. In 2020, Schneider Electric announced a complete public takeover transaction for RIB, offering €29 per share and valuing the company at approximately €1.4 billion according to the cited reference material. RIB became a subsidiary of Schneider Electric. The business continues to be identified with construction software and BIM-enabled digital workflows, with operations and subsidiaries serving customers across EMEA, APAC and North America.
- 2020
Schneider Electric takeover
[1]Schneider Electric announces a public offer for RIB at €29 per share, after which RIB becomes a Schneider Electric subsidiary.
- 2018
MTWO collaboration with Microsoft announced
[1]RIB and Microsoft announce a proof-of-concept collaboration for the MTWO cloud construction platform.
- 2017
Conversion to a European Company
[1]RIB completes its conversion into a Societas Europaea and adopts the name RIB Software SE.
- 2013
First iTWO World Conference
[1]RIB holds the first iTWO World Conference in Hong Kong, creating an annual event for the iTWO community.
- 2011
Frankfurt stock-market listing
[1]RIB Software AG shares are admitted to the Prime Standard of the Frankfurt Stock Exchange.
- 2010
iTWO expands into English and Simplified Chinese
[1]English and Simplified Chinese versions of iTWO are released, supporting the company's international growth.
- 2009
German iTWO version introduced
[1]RIB introduces the German-language version of its iTWO construction platform.
- 2004
International research center opens in Guangzhou
[1]RIB establishes an international research and development center in Guangzhou, China.
- 1979
Launch of IDEALOG
[1]RIB launches IDEALOG for AVA processes and cost estimation, gaining use among German federal and state construction administrations.
- 1968
Expansion into infrastructure and structural design
[1]RIB develops road-visibility calculations and extends automated drawing and computational engineering into tunneling, hydraulic engineering and structural analysis.
Products and positioning
An integrated construction technology provider focused on BIM, estimating, cost control, project delivery, collaboration and enterprise digitization for the AEC industry.
Integrated construction and enterprise platform · 2009
RIB iTWO
RIB iTWO is an integrated construction software platform associated with BIM, estimating, scheduling, cost management, tendering, project control and enterprise workflows. It was introduced in German, English and Simplified Chinese versions during 2009 and 2010 and became a central platform in RIB's international product strategy.
Cloud construction platform · 2018
RIB MTWO
MTWO is RIB's cloud-oriented construction technology platform, developed in connection with Microsoft's technology ecosystem. It was intended to extend integrated BIM, project management, cost and collaboration workflows through cloud deployment and enterprise-grade infrastructure.
BIM quantity takeoff and estimating
RIB CostX
RIB CostX supports two-dimensional and BIM-based quantity takeoff and estimating. It is designed for construction cost professionals who need to extract quantities from drawings or models and connect those quantities with estimating and cost-planning processes.
Estimating and project control
RIB Candy
RIB Candy is construction software for estimating, planning and project control. Its role in the portfolio is to support contractors and project teams in preparing estimates, planning delivery and monitoring project performance.
Cost management and enterprise accounting
RIB BuildSmart
RIB BuildSmart focuses on construction cost management and enterprise accounting. It is intended to connect financial administration with operational construction data so organizations can manage budgets, commitments, costs and project-level financial information.
Project management and collaboration
RIB CX
RIB CX is an intelligent project-management and collaboration offering for construction organizations. It supports coordinated project information, communication and delivery workflows among owners, contractors, consultants and field teams.
Civil engineering CAD
RIB Civil
RIB Civil provides computer-aided design and engineering capabilities for civil construction. It reflects RIB's historical focus on infrastructure, roads and structural engineering and is aimed at technical users involved in civil works design.
Construction specification management
RIB SpecLink
RIB SpecLink is an intelligent, data-driven specification product for construction documentation. It helps specification professionals manage structured content and maintain project requirements through a more connected specification workflow.
Business intelligence and construction analytics
RIB BI+
RIB BI+ provides data analytics and business-intelligence capabilities for construction and enterprise users. It is intended to turn project and operational information into reporting and management insight.
Digital handover and operations data
RIB Digital Handover
RIB Digital Handover supports the transfer of operations and maintenance data at the end of construction projects. It addresses the transition from project delivery into building or asset operation by organizing relevant digital information.
Marketing campaigns
- 2013iTWO World Conference
Asia-Pacific · Global
RIB hosted the first iTWO World Conference in Hong Kong in November 2013. The event was positioned as a gathering for users and participants in the iTWO ecosystem and subsequently became an annual community event.
Outcome. The conference established a recurring international forum associated with iTWO customers, partners and users.
Brand decisions
2020
Accept Schneider Electric's public takeoverM&ABackground
Schneider Electric announced a complete transaction to acquire RIB Software and combine its construction technology capabilities with the French multinational's broader business.
Action taken
Schneider Electric made a public takeover offer of €29 per RIB share.
Aftermath
RIB became a subsidiary of Schneider Electric and ceased to operate as an independent publicly listed company.
Offer price per share and indicated transaction value. €29 per share; approximately €1.4 billion valuation (2020 takeover announcement)
2018
Develop MTWO with MicrosoftProduct launchBackground
RIB was extending its integrated construction-software model toward cloud delivery and sought to connect its products with Microsoft's technology ecosystem.
Action taken
RIB and Microsoft announced a proof-of-concept collaboration for MTWO at a signing ceremony in Hong Kong.
Aftermath
The collaboration supported RIB's cloud-oriented construction platform strategy.
2017
Convert the company into a European CompanyStrategyBackground
RIB operated internationally and sought a legal structure consistent with its European and global footprint.
Action taken
RIB completed its conversion from a German stock corporation into a Societas Europaea and adopted the name RIB Software SE.
Aftermath
The company continued operating under the RIB Software SE legal name until its acquisition by Schneider Electric.
2011
Complete an initial public offeringOtherBackground
RIB pursued public-market access to support its growth as a construction software company.
Action taken
RIB Software AG listed its shares in the Prime Standard of the Frankfurt Stock Exchange on 8 February 2011.
Aftermath
The company remained publicly traded until its acquisition by Schneider Electric.
Issue price per share. €9.25 (8 February 2011)
2004
Establish an international R&D center in GuangzhouStrategyBackground
RIB sought to build international development capability while expanding its presence in Asian markets.
Action taken
The company established an international research and development center in Guangzhou, China.
Aftermath
The center became part of RIB's broader international operating footprint in the APAC region.
Recent events
- 2020
RIB Software announces a public takeover by Schneider Electric[1]
M&A
Schneider Electric announced a transaction to acquire RIB Software through a public takeover offer of €29 per share, with the cited reference material valuing RIB at approximately €1.4 billion.
- 2011
RIB Software shares begin trading in Frankfurt Prime Standard[1]
Other
RIB Software AG was listed on the Prime Standard of the Frankfurt Stock Exchange on 8 February 2011. The cited reference material gives an issue price of €9.25 per share.
Sources3 sources
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