SpendLab Recovery is the successor of the RIB (Dutch National Procurement Agency or in Dutch Het Rijks Inkoop Bureau), founded in 1921. Its original goal was to combine procurement needs from all Dutch government institutions. In 1989, it started its shift towards a professional services organization. In 2002, NIC was privatized and the focus became compliance with Dutch and EU regulations. In 2014 the acquisition of Finyard took place. From 2015 onwards, NIC Finance Projecten made full use of emerging data analytics technologies, followed by the acquisition of Double Paid in 2017. Driven by its international success, the former RIB will now continue as SpendLab.