The QuantLib project was started by a few quantitative analysts who worked at RiskMap (currently StatPro Italia).

The first e-mail announcing QuantLib to the world was sent on December 11, 2000, and signed by Ferdinando Ametrano, Luigi Ballabio and Marco Marchioro.

RiskMap was founded by Dario Cintioli, Ferdinando Ametrano, Luigi Ballabio, Adolfo Benin, and Marco Marchioro.

The people at RiskMap faced the problem, not for the first time in their lives, to build a financial library from scratch.

The software provides various facilities for computing values of financial instruments and related calculations.