Odoo

Odoo is a Belgian suite of business management software tools that include customer relationship
management, e-commerce, billing, accounting, manufacturing, warehouse, project management, and
inventory management.

During the Odoo Experience event in October 2022, Fabien Pinckaers announced that Odoo would make
all applications available for free in enterprise edition.

The Community version is libre software, licensed under the GNU LGPLv3. The Enterprise version has
proprietary extra features and services. The source code for the framework and core enterprise resource
planning modules is developed by the Belgium-based Odoo S.A. Odoo is available for both on-premises
and ready-to-use SaaS environments. The source code for the OpenObject framework and the core ERP
modules are provided by Belgium-based Odoo S.A.

From inception, Odoo S.A (formerly OpenERP S.A) has released the core software as open source.[4]
Since the V9.0 release, the company has transitioned to an open core model, which provides
subscription-based proprietary enterprise software and cloud-hosted software as a service, in addition to
the open source version. In 2013, the not-for-profit Odoo Community Association was formed to
promote the widespread use of Odoo and to support the collaborative development of Odoo features.
[5]

Odoo's extensible architecture allows a large number of freelancers and organizations to develop Odoo
Apps or Modules and place them in the marketplace for sale or to be downloaded for free. The main
Odoo components are the framework, about 30 core applications (also called official modules), and
thousands of community modules.

Odoo has been used as a component of university courses.[6] A study on experimental learning
suggested that Odoo (then known as OpenERP[7]) provides a suitable alternative to proprietary systems
to supplement teaching.

Several books have been written about Odoo, some covering specific areas such as accounting or
development.

The last three Long Term Support versions (LTS) are supported in parallel. This means that when a new,
fourth LTS version is released, the oldest version will reach the end of its useful life and will no longer be
supported. As an example, 15.0 LTS is supported along with 16.0 LTS and 17.0 LTS, but 15.0 will reach
End of Life when 18.0 LTS is released.

In 2005, Fabien Pinckaers, the founder and current CEO of Odoo, started to develop his first software
product, TinyERP. Three years later, the name was changed to OpenERP. The company started to grow
quickly and in 2010, OpenERP had become a 100+ employee company.[12][13]

In 2013, the company won a Deloitte award for being the fastest-growing company in Belgium, with
1,549% growth over a five-year period.[14]
In 2014, the company was renamed Odoo, to differentiate itself from the term "ERP".[15] In 2015, Inc.
Magazine placed Odoo in the top 5,000 fastest-growing private companies in Europe.[16]

In 2019, the company raised a $90 million investment.[17]

In 2021, Odoo products were used by more than 5 million customers.[18] Odoo expected to hire 1,000
new employees, according to CEO Fabien Pinckaers.[19][20]

In 2023, Odoo launched Odoo 17, with significantly UI changes and some new functionality, particularly
within the restaurant space. The release included the integration of WhatsApp and a substantially
improved the Point of Sale (POS) module by introducing features like self-ordering, a restaurant app, and
a kitchen display app. Odoo also added meeting room management and front desk functionalities to
modules.

Odoo has received industry recognition. Before its name change, it received awards as OpenERP
including Trends Gazelle, Deloitte Technology Fast 50 Award[21] and the InfoWorld's BOSSIE Award 2013.
After changing its name to Odoo, it won consecutive BOSSIE Awards in 2014,[23] 2015,[24] and 2016.