Bamboo Rose, a Boston, MA-based collaborative product development, sourcing & supply chain platform for retailers and consumer brands, acquired Backbone PLM, a Boulder, Colorado-based provider of a designer-centric product development platform for retailers and brands.
The amount of the deal was not disclosed.
Led by Jeff Fedor, CEO, who will join Bamboo Rose’s executive leadership team as SVP of Product after the transition, Backbone PLM provides a designer-centric product development platform that empowers retailers and brands of all sizes across apparel, soft goods, and hard goods to make products smarter, faster, and at scale. The company’s cloud-based system of interconnected libraries allows clients to win back time loss experienced in the production activities of searching for product information.
The combined company manages over $1.2T of transactions a year for thousands of products and users across hundreds of leading brands, solving business challenges for general merchandise, apparel & specialty, food & pharmacy, and other retailers.
Led by Matt Stevens, CEO, Bamboo Rose provides a collaborative product development, sourcing & supply chain platform for retailers and consumer brands; helping companies bring products to market at higher margins. The platform features a suite of patented supply chain solutions, including Bamboo Rose B2B Marketplace, product lifecycle management, sourcing, purchase order management, global trade management, and financing, each one supported by intelligent engines for optimization, costing, and scheduling across the platform.
FinSMEs
24/03/2023