Odoo

Odoo is a Belgian suite of business management software tools including, for example, CRM, e-commerce, billing, accounting, manufacturing, warehouse, project management, and inventory management.

Not to be confused with Oppo or Oddo.
Odoo
Original author(s)Fabien Pinckaers
Developer(s)Odoo S.A., Community
Initial releaseFebruary 2005 (2005-02)
Stable release
16.0 / October 12, 2022 (2022-10-12)[1][2]
Preview release
master
Repository
Written inJavaScript, Python
Operating systemLinux, Unix-like, OS X, Windows, iOS, Android
TypeERP, CRM, Accounting, CMS, E-commerce
License"Community" version: GNU Lesser General Public License v3
"Enterprise" version: Proprietary license
Websitehttps://www.odoo.com[3]

During Odoo experience which took place in Belgium in October 2022, Fabien Pinckaers announced that moving forward Odoo would make all applications available for free in enterprise edition, making Odoo an unparalleled suite of 70+ integrated business apps.

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 ERP modules is curated by the Belgium-based Odoo S.A. Odoo is available for both on-premises and ready to use SaaS environment. The source code for the OpenObject framework and the core ERP modules are provided by Belgium-based Odoo S.A.

Overview

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

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, 9.0 LTS is supported along with 10.0 LTS and 11.0 LTS, but it will reach End of Life when 12.0 LTS is released.[11]

History

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 1549% growth over a five-year period.[14]

In 2014, the company was renamed Odoo, to diversify itself from the term "ERP".[15] In 2015, Inc. Magazine placed Odoo in the top 5000 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 expects to hire 1,000 new employees, according to CEO Fabien Pinckaers.[19][20]

Reception

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.[22] After changing its name to Odoo, it won consecutive BOSSIE Awards in 2014,[23] 2015,[24] and 2016.[25]

See also

References
  1. "Odoo Release Notes". Retrieved 22 November 2022.
  2. "Odoo Nightly builds". Retrieved 22 November 2022.
  3. Error: Unable to display the reference properly. See the documentation for details.
  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. 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. 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. "Inc 5000 rating for Odoo". Archived from the original on May 25, 2021. Retrieved March 8, 2018.
  17. "Odoo grabs $90M to sell more SMEs on its business app suite". techcrunch.com. 17 December 2019. Retrieved August 2, 2021.
  18. "17 Best Warehouse Inventory Management Software in 2021". founderjar.com. 23 June 2021. Retrieved August 2, 2021.
  19. "Odoo charge le Forem de dénicher 200 développeurs". lalibre.be. Retrieved August 2, 2021.
  20. "Many startups in Buffalo are growing. Will they find employees to fill their open roles?". bizjournals.com. Retrieved August 2, 2021.
  21. "Ranking Technology Fast50 2012". Retrieved March 8, 2018.
  22. InfoWorld staff (September 17, 2013). "Bossie Awards 2013: The best open source applications". InfoWorld. Retrieved July 27, 2015.
  23. "Bossie Awards 2014: The best open source applications". www.infoworld.com. 29 September 2014. Retrieved 17 December 2017.
  24. "Bossie Award 2015 slide3". www.infoworld.com. 16 September 2015. Retrieved 17 December 2017.
  25. "Bossie Award 2016 slide6". www.infoworld.com. 21 September 2016. Retrieved 17 December 2017.
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