Tag: RIB Software

RIB Software invests in Chinese tech developer

Bochaosoft portfolio

Germany’s RIB Software takes a controlling interest in China’s Bochaosoft, adding strong Asian power engineering industry player to its portfolio of products. Stuttgart, Germany-based RIB Software has invested US$28.57M to buy 51% of Bochaosoft, a 350-strong China-based electric power and engineering BIM design software company. RIB was the subject of a €1.4bn bid from France-based …

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Permanent link to this article: http://extranetevolution.com/2020/06/rib-software-invests-chinese-tech-developer/

RIB Software grew 57% in 2019

RIB 2019 metrics

Revenues at Germany’s RIB Group grew 57% in 2019, and the company’s financial performance has also been detailed in a Reasoned Statement in response to Schneider Electric’s takeoever bid. The latest annual report and accounts from Stuttgart, Germany-based software provider RIB Group, for the year to 31 December 2019, shows revenue up over 57% on …

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Permanent link to this article: http://extranetevolution.com/2020/04/rib-grows-57-2019/

Schneider Electric makes €1.4 bn bid for RIB Software

Proposed Schneider RIB fit

Directors of Stuttgart, Germany-based RIB Software have urged shareholders to agree a €1.4 billion bid from Schneider Electric. Stuttgart, Germany-based RIB Software, which has been expanding its footprint in the architecture, engineering and construction (AEC)  Software-as-a-Service space in recent years, is the subject of a €29 per RIB share from Schneider Electric, valuing the 1200-strong …

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Permanent link to this article: http://extranetevolution.com/2020/02/schneider-electric-acquisition-rib-software/

RIB invests in VIM AEC

VIM graphic

Germany’s RIB has invested in north America’s VIM AEC, an augmented reality startup founded by ex Revit executive Arol Wolford. After a busy 2019 during which Stuttgart-based RIB Software made several significant investments and acquisitions growing both its geographical footprint and its product portfolio, it has started 2020 in similar style (though few details of …

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Permanent link to this article: http://extranetevolution.com/2020/01/rib-invests-revit-pioneer-vim-aec/

RIB continues M&A programme

Datapine laptop image

Germany’s RIB Software has invested in another India-based software business, bought a German business intelligence specialist, and acquired an Australian reseller. Stuttgart, Germany-based RIB Software, provider of enterprise software for the building, construction and real estate industries, has made a flurry of recent announcements, including another investment in an India-based software business, the purchase of a …

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Permanent link to this article: http://extranetevolution.com/2019/11/rib-continues-ma-programme/

RIB invests in India IoT and AI specialist Winjit

Continuing its 2019 spending spree and extending its international footprint still further, Germany’s RIB Software has taken a 15% stake in an Indian tech company, Winjit. In the latest in a series of 2019 investments, RIB Software, the Stuttgart, Germany-based provider of cloud-based technologies for the construction and real estate industries, has announced that it …

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Permanent link to this article: http://extranetevolution.com/2019/08/rib-invests-india-iot-ai-specialist-winjit/

RIB buys CCS to build African base

CCS BuildSmart

RIB Software has announced the US$31.5m acquisition of a 70% shareholding in South Africa’s CCS, a cost estimation and project control software provider. The international expansion of Stuttgart, Germany-based RIB Software continues. The construction cloud technology provider has today (2 July 2019) has announced its acquisition of a 70% shareholding in South Africa’s CCS, a …

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Permanent link to this article: http://extranetevolution.com/2019/07/rib-buys-ccs-to-build-african-base/

RIB buys into US building spec vendor BSD

Melville, Anderson, Wolford

RIB Software invests US$42m to acquire 60% of USA-based BSD (Building Systems Design), strengthens its estimating and product data technologies, and gets a bridgehead in north America. RIB Software, the Stuttgart, Germany-based provider of cloud-based technologies for the construction and real estate industries has invested US$42m to acquire 60% of the Atlanta, USA-based BSD (Building …

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Permanent link to this article: http://extranetevolution.com/2019/06/rib-buys-into-us-building-spec-vendor-bsd/

RIB invests in UK’s Cadline

MTWOCloud

RIB acquires a stake in the UK AEC software reseller Cadline and plans ten-fold growth of its MTWO cloud platform in 2019. RIB Software, the Stuttgart, Germany-based provider of enterprise software for the building, construction and real estate industries, has announced an investment in the UK and Holland-based software reseller Cadline to grow the market …

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Permanent link to this article: http://extranetevolution.com/2019/04/rib-invests-cadline/

33% SaaS growth boosts RIB results

Mads Bording

Germany’s RIB Group grew 26% in 2018, boosted by its SaaS operations, with its Microsoft partnership expected to grow its SaaS user base ten-fold in 2019. Stuttgart, Germany-based software provider RIB Group has published its results for the year to 31 December 2018 showing revenue up over 26% on 2017, with the company planning to …

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Permanent link to this article: http://extranetevolution.com/2019/04/33-saas-growth-boosts-rib-results/

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