Odoo

Not to be confused with Oppo or Oddo.

Open source ERP, CRM and CMS

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Odoo

Original author(s)| Fabien Pinckaers [fr]
Developer(s)| Odoo S.A., Community
Initial release| February 2005; 20 years ago (2005-02)
Stable release|

18.0 / October 2024; 9 months ago (2024-10)[1][2]

Preview release|

master

Repository|

* github.com/odoo/odoo

Written in| JavaScript, Python
Operating system| Linux, Unix-like, OS X, Windows, iOS, Android
Type| ERP, CRM, Accounting, CMS, E-commerce
License| "Community" version: GNU Lesser General Public License v3
"Enterprise" version: proprietary license
Website| https://www.odoo.com[3]

Odoo is a [business management software suite developed in Belgium. It includes modules for customer relationship management, e-commerce, billing, accounting, manufacturing, warehouse operations, project management, and inventory management.

In October 2022, Odoo S.A. announced changes to its enterprise edition licensing, switching from an application and user based license model to single user based license model which included all applications.

Odoo is distributed in two editions: a Community edition, licensed under the GNU LGPLv3, and an Enterprise edition, which includes additional proprietary features and services. Odoo can be deployed on-premises or accessed through a software-as-a-service (SaaS) model.

## Overview

[edit]

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.[8][9][10]

### Version support

[edit]

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, 16.0 LTS is supported along with 17.0 LTS and 18.0 LTS, but 16.0 will reach End of Life when 19.0 LTS is released.[11]

## History

[edit]

In 2005, Fabien Pinckaers [fr], 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 five years.[14]

In 2014, the company was renamed Odoo, to differentiate itself from the term "ERP".[15] The name 'Odoo' was chosen by then OpenERP after they saw a correlation between company valuation and the number of "O"s in the names of the top 10 internet companies in 2014.[16] In 2015, Inc. Magazine placed Odoo in the top 5,000 fastest-growing private companies in Europe.[17]

In 2019, the company raised a $90 million investment.[18]

In 2021, Odoo products were used by more than 5 million customers.[19] Odoo expected to hire 1,000 new employees, according to CEO Pinckaers.[20][21]

In 2023, Odoo reported a 33% year-over-year revenue increase, reaching €282 million, and grew its workforce to over 2,200 employees. Despite its expansion, the company remains profitable. Pinckaers noted ongoing efforts to improve user onboarding and operational efficiency. [22]

## Reception

[edit]

Odoo has received industry recognition for powerful and versatile Enterprise Resource Planning (ERP) system.[23] Before its name change, it received awards as OpenERP including Trends Gazelle, Deloitte Technology Fast 50 Award[24] and the InfoWorld's BOSSIE Award 2013.[25] After changing its name to Odoo, it won consecutive BOSSIE Awards in 2014,[26] 2015,[27] and 2016.[28]

## See also

[edit]

* Free and open-source software portal

* Comparison of accounting software
* List of free and open source ERP packages
* List of free and open source software packages
* List of free and open source software packages concerning finance

## References

[edit]

1. ^ "Odoo Release Notes". Retrieved 8 October 2024.
2. ^ "Odoo Nightly builds". Retrieved 22 November 2022.
3. ^ https://api.github.com/repos/odoo/odoo. Retrieved 8 January 2017. `{{cite web}}`: Missing or empty `|title=` (help)
4. ^ Ganesh, Amal; Shanil, K.N.; Sunitha, C.; Midhundas, A.M. (2016). "OpenERP/Odoo - an Open Source Concept to ERP Solution". 2016 IEEE 6th International Conference on Advanced Computing (IACC). 2016 IEEE 6th International Conference on Advanced Computing (IACC). pp. 112–116\. doi:10.1109/IACC.2016.30. ISBN 978-1-4673-8286-1. S2CID 17852685.`{{cite book}}`: CS1 maint: location (link) CS1 maint: location missing publisher (link)
5. ^ "How I Grew From 1 To 250 Employees In A Few Years". www.linkedin.com. Retrieved 2022-06-17.
6. ^ "Syllabus, Winter 2009" (PDF). www.fsa.ulaval.ca. Archived from the original (PDF) on June 13, 2013. Retrieved June 26, 2015.
7. ^ "Experiential Learning with an Open-Source Enterprise System". aisel.aisnet.org. Retrieved June 26, 2015.
8. ^ Moss, Gregory (2015). Working with Odoo. Packt. ISBN 978-1784394554.
9. ^ Mader, Greg (2015). Financial Accounting with Odoo: Versions 6, 7, and 8. CreateSpace Independent Publishing Platform. ISBN 978-1508737568.
10. ^ Reis, Daniel (2015). Odoo Development Essentials. Packt. ISBN 978-1784392796.
11. ^ "More than ever, Odoo has it all. | Odoo". Odoo S.A. 2015-10-01. Retrieved 2022-06-17.
12. ^ Jaikumar Vijayan (October 21, 2010). "OpenERP aims to impress U.S. market". Computerworld. Archived from the original on July 5, 2018. Retrieved July 27, 2015.
13. ^ roxannevarza (17 February 2010). "OpenERP gets €3 million for US expansion". TechCrunch. AOL. Retrieved July 27, 2015.
14. ^ "How I Grew from 1 to 250 Employees in a Few Years". Retrieved January 26, 2017.
15. ^ "The Odoo Story". 16 April 2013. Retrieved January 26, 2017.
16. ^ "OpenERP becomes Odoo". Odoo. 2014-05-14. Retrieved 2025-03-14.
17. ^ "Inc 5000 rating for Odoo". Archived from the original on May 25, 2021. Retrieved March 8, 2018.
18. ^ "Odoo grabs $90M to sell more SMEs on its business app suite". techcrunch.com. 17 December 2019. Retrieved August 2, 2021.
19. ^ "17 Best Warehouse Inventory Management Software in 2021". founderjar.com. 23 June 2021. Retrieved August 2, 2021.
20. ^ "Odoo charge le Forum de dénicher 200 développeurs". lalibre.be. Retrieved August 2, 2021.
21. ^ "Many startups in Buffalo are growing. Will they find employees to fill their open roles?". bizjournals.com. Retrieved August 2, 2021.
22. ^ Serrure, Ben (June 19, 2025). "Odoo groeit met een derde, 'maar we kunnen nog beter'". De Tijd.`{{cite news}}`: CS1 maint: url-status (link)
23. ^ Kumari, Priya (17 October 2023). "From Setup to Success: Best Practices for Odoo ERP Implementation". Ahex Technologies. Ajay Hooda. Retrieved 17 October 2023.
24. ^ "Ranking Technology Fast50 2012". Archived from the original on November 14, 2020. Retrieved March 8, 2018.
25. ^ InfoWorld staff (September 17, 2013). "Bossie Awards 2013: The best open source applications". InfoWorld. Retrieved July 27, 2015.
26. ^ "Bossie Awards 2014: The best open source applications". www.infoworld.com. 29 September 2014. Retrieved 17 December 2017.
27. ^ "Bossie Award 2015 slide3". www.infoworld.com. 16 September 2015. Retrieved 17 December 2017.
28. ^ "Bossie Award 2016 slide6". www.infoworld.com. 21 September 2016. Retrieved 17 December 2017.

## External links

[edit]

Media related to Odoo at Wikimedia Commons

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