Odoo’s platform enables community developers to create applications for SME business functions including finance, sales, HR and marketing. All applications are interoperable via the single integrated codebase, streamlining operations and saving time.
Oddo’s continued company growth from since its €3.2 billion valuation this time last year, sees it occupy 19 global offices with over 50,000 paying customers across more than 200 countries.
“We are proud of what Odoo has accomplished. We already offer a full spectrum of software applications to meet the unique needs of small and mid-sized businesses, and are constantly innovating beyond this,” said Fabien Pinckaers, CEO of Odoo, who founded the firm in 2002. “General Atlantic’s partnership, including the firm’s global platform and software experience, will be impactful as we focus on sustained, strategic growth worldwide.”
Odoo fancies a slice of the predicted pie that is 'the growing ERP market opportunity, which is expected to reach over $90 billion by 2029.
“We believe Odoo’s differentiated value proposition for SMEs, together with its global partner network and commitment to product innovation, provides a clear path for continued growth,” says Tom Hussey, Principal at General Atlantic. “Odoo delivers a powerful, integrated product suite for business owners at a fraction of the cost of point solutions. We look forward to supporting the Odoo team to capture their global market opportunity.”