Bamboo Rose Expands Global Footprint Amid Sharp Increase in Revenue
BOSTON--(BUSINESS WIRE)--Oct 10, 2018--As demand for retail innovation increases, Bamboo Rose has expanded its global footprint and product and services portfolio in 2018, with plans for continued growth. So far this year, revenue has increased 56 percent, and the company has grown its staffing levels by more than 20 percent.
Bamboo Rose provides a multi-enterprise product innovation and supply chain platform that connects the retail community to discover, develop, and deliver products @ digital speed. This platform provided a vital solution for retailers and their suppliers seeking cost and delivery certainty in an increasingly volatile global economy.
“The retail industry is in a near-constant state of disruption, requiring retailers to quickly adapt, consistently innovate and keep their creative drives going at all times,” said Sue Welch, CEO of Bamboo Rose. “We see agile and collaborative retail supply chain networks, supported by technology, as the foundation of what retailers need to succeed in the current environment. Our completeness of vision is helping our customers navigate endless uncertainty, resulting in our rapid growth and expansion.”
As part of its global expansion, Bamboo Rose recently opened an office in Belfast, Northern Ireland, creating up to 75 new jobs and expanding the company’s international presence to better meet the needs of its European customers. Invest Northern Ireland supports Bamboo Rose in Belfast and provides vital assistance in building software development and customer support teams in Europe.
Bamboo Rose is also seeking new partnerships and capabilities that will benefit its customers. To that end, a new, strategic partnership with Seaport Global was created to offer a financing option for suppliers, freeing up valuable working capital and credit lines for both suppliers and retailers. Bamboo Rose is planning to announce additional strategic partnerships focused on distribution and implementation by the end of the year.
The company continues to add new product offerings, including a services as a subscription model, as well as its My Views capabilities and expanded materials management for fabric innovation to help retailers increase the value of their supply chain technology investments and better respond to the rapidly changing industry landscape.
Plans for 2019 include additional hiring to meet the growing demands of the customer base and to expand into additional markets for SMB customers and the food and formulated industry.
About Bamboo Rose:
Bamboo Rose is the leading multi-enterprise product innovation and supply chain platform connecting the retail community to discover, develop and deliver products @ digital speed. Our collaborative B2B platform combines a digital Marketplace, PLM, Sourcing, PO Management, GTM, and Financing. We help retailers and suppliers simplify the product creation and delivery process to bring great products to market faster, more efficiently and at higher margins. Our company is made up of retail experts with decades of experience at some of the largest global retailers. Bamboo Rose serves over 85 major retailers, 400 brands and connects 35,000 suppliers and 250,000 user members. Learn more at bamboorose.com or find us on Twitter at @GoBambooRose.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005103/en/
CONTACT: Corporate Ink for Bamboo Rose
Jackie Cavedon, 617-969-9192
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL SUPPLY CHAIN MANAGEMENT SOFTWARE RETAIL OTHER RETAIL
SOURCE: Bamboo Rose
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PUB: 10/10/2018 09:30 AM/DISC: 10/10/2018 09:30 AM