What is ODOO ERP?

Odoo is a suite of business management software tools that includes CRM, e-commerce, invoicing, accounting, manufacturing, warehousing, project management and inventory management. The community version (so-called community version) is free software distributed under the GNU LGPLv3 license. The enterprise edition has its own additional features and services. The source code for the platform and the core ERP modules is curated by the Belgian company Odoo S.A. Odoo is available for both on-premises and ready-to-use SaaS environments.

From the beginning, Odoo SA (formerly OpenERP SA) has released core open source software. With the release of version 9.0, the company moved to an open core model, providing subscription-based proprietary enterprise software and cloud-based software as a service in addition to the open source version. In 2013, the non-profit Odoo Community Association was founded to promote widespread use of Odoo and support collaborative development of Odoo features .
 
Odoo's extensible architecture allows a large number of freelancers and organizations to develop Odoo apps or modules and bring them to market for sale or free download (https://apps.odoo.com/apps). The core components of Odoo are the framework with about 30 core applications (also called official modules) and thousands of community modules.


Several books have been written about Odoo, some of which focus on specific areas such as accounting or development.


 

Story

 

Fabien Pinckaers receives the Company of the Year award for Odoo (centre), surrounded by Prime Minister Alexander De Croo and former President of Nethys Laurent Levaux, in Brussels on February 15, 2022 ©BelgaImage


  • In 2005, Fabien Pinckaers, founder and current CEO of Odoo, started developing his first TinyERP software product. Three years later, the name was changed to OpenERP. The company started to grow quickly and in 2010 OpenERP had more than 100 employees.  
  • ​In 2013, the company received the Deloitte award as the fastest growing company in Belgium with a growth of 1549% over a five-year period.
  • In 2014, the company was renamed Odoo to diversify the term "ERP". 
    In 2015, Inc. magazine ranked Odoo among the 5000 fastest-growing private companies in Europe.
  • In 2019, the company raised an investment of $90 million
  • In 2021, over 5 million customers used Odoo products.
  • According to CEO Fabien Pinkkers, Odoo plans to hire 1,000 new employees


Odoo has raised a total of $439.2 million in funding across 5 rounds. Their latest funding was raised on June 8, 2022 from a private equity round. 

Firm valuation of the company is $3.5 billion!

(Public information from June 2022)


  
Vorteile

  •   Modularität
  • Abdeckung aller wichtigen Geschäftsprozesse  
  • Open Source
  • Die Fähigkeit, sich schnell in alle Dienste zu integrieren
  • Mehrsprachige Benutzeroberfläche  


Odoo ERP ist umfassend, kann alle Prozesse abdecken und das Wachstum Ihres Unternehmens unterstützen. Demo vereinbaren