Rubicon Technology-backed Bamboo Rose completed the acquisition of Backbone PLM.

Rubicon Technology-backed Bamboo Rose, a software developer, completed the acquisition of Backbone PLM, a designer-centric product development platform. Financial terms were not disclosed. "Truly serving the myriad of needs for product design and development at enterprise scale is challenging stuff. Empowering retailers and brands to accelerate their digital journey while not impacting the creativity and agility that makes them great in the eyes of their clients in the first place requires deep real-world knowledge by the many practitioners involved. Backbone's proven success of enabling the designer's impact to that journey without sacrificing design at the altar of business process improvement will be a force multiplier when combined with Bamboo Rose's existing market-dominating supplier collaboration and technical design efficiency gains," Matt Stevens, Bamboo Rose CEO.