Bamboo Rose Acquires Foresight Retail to Transform PLM Landscape

BOSTON, Sept. 17, 2024 /PRNewswire/ -- Bamboo Rose, a leader in retail product development and supply chain technology, is proud to announce the acquisition of Foresight Retail, a SaaS retailer and brand-focused planning company built by global industry experts. This strategic move expands Bamboo Rose's platform, positioning the combined entity to redefine the traditional definition of PLM to now include an integrated solution encompassing bidirectional data movement and workflows that include Planning, PLM, Supplier Relationship Management, Sourcing/Costing, and Order Management.

Deep planning capabilities are essential for retailers and brands to inform product design and development, align their supplier community to projected demand, source materials, secure production resources, and countless other workflow stages to ensure flawless execution.

"Joining forces with Bamboo Rose represents a transformative step for Foresight Retail," said Neil Coulton, Executive Director at Foresight Retail. "Planning and PLM each deliver better outcomes when tightly integrated and we couldn't be more excited to merge our forward-thinking organizations to redefine the industry standard. As a key part of the Bamboo Rose Retail Management Platform, we'll deliver a fulsome solution that's unlike anything else on the market."

With Foresight Retail's acclaimed Planning technology, Bamboo Rose will differentiate by enabling bidirectional communication between planning and other processes like product development and sourcing. This integration ensures that planning processes are continuously informed and can be adjusted based on real-time data and other downstream impacts from decisions made in the product development process.

"This is a pivotal moment for Bamboo Rose as we continue to innovate and redefine the meaning of true end-to-end PLM," said Matt Stevens, CEO at Bamboo Rose. "We are exclusively positioned to offer our customers, who collectively represent the world's top retailers and brands, the world-class combination of Bamboo Rose and Foresight Retail's proven platforms. These tightly integrated elements form the foundation of our Retail Management Platform that can be leveraged in phases and business-aligned to customers' overall evolution timelines to enable them to plan, design, and execute with full supplier collaboration, all while delivering faster cycle times, better margins, and more agile operations."