Odoo

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Odoo is a comprehensive open-source business software suite that offers a wide range of integrated applications for enterprise resource planning (ERP), customer relationship management (CRM), ecommerce, accounting, inventory management, and more. Founded in 2005 by Fabien Pinckaers in Belgium, Odoo has grown to become one of the leading providers of business management software worldwide. The company's mission is to create intuitive, fully integrated software that can support all business processes efficiently and affordably.

Odoo's platform is designed to be scalable and user-friendly, allowing businesses to select and implement only the modules they need. Its open-source model encourages community-driven development, resulting in constant innovation and a large ecosystem of apps. As of 2023, Odoo reported having over 7 million users globally and a network of more than 3,600 partners across 100 countries.

The software suite includes both free and paid versions. The Community Edition is open-source and free to use, while the Enterprise Edition offers additional features, infrastructure, and professional services. Odoo's pricing model is based on a per-user, per-month subscription, with the ability to add or remove apps as needed. The company's approach to simplifying business software has led to rapid growth, with Odoo achieving a valuation of EUR 3.2 billion in June 2022.

Odoo's technology stack is built on a modular architecture, allowing for easy customization and integration. The platform uses PostgreSQL as its database management system, ensuring that users maintain ownership of their data. Odoo's commitment to open-source principles extends to providing source code access and GitHub repositories for developers and users alike.

Key customers and partnerships

Odoo has established partnerships with various organizations to expand its reach and enhance its offerings. In May 2023, KPMG in Belgium announced an expansion of its alliance with Odoo beyond real-time accounting to include Odoo's full open-source business solution. This partnership aims to provide comprehensive solutions to KPMG's clients, leveraging Odoo's technology and KPMG's expertise in business transformation.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Rue des Bourlottes, 9 Louvain-la-neuve BEL
Founded year:
2005
Employees:
1,001-5,000
IPO status:
Private
Total funding:
USD 1.1 bn
Last Funding:
USD 528.6 mn (Secondary Market; Nov 2024)
Last valuation:
USD 5.3 bn (Nov 2024)
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