Open source ERP leader Odoo announces a new investment of US$215 million from Summit Partners – QNT Press Release

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Dubai, UAE, August 1, 2021 /PRNewswire/ – Odo, The leader of open source integrated commercial software, announced A sort of $215 million Invest From growth equity investors Summit partners. For investors Sofinnova Partners and XAnge, who invested in the company in 2010 and 2015, the transaction meant an exit.

and 7 million users worldwide, Odoo is one of the most popular enterprise management software solutions in the world.inside middle East, The company has expanded rapidly, with 160 employees in just three years, and has cooperated with 600+ partners to support 600,000+ users, including UPS, MoTeC Middle East, STRATA, Philip Morris International and Rashid Al Jabri Group.

companySaaS products include applications that cover all business needs: accounting, inventory, manufacturing, project management, human resources, marketing, website builders, and more.OdoThe vision is Simplify the operations of small and medium enterprises by providing easy-to-use and affordable solutions.

In the past few years, Odoo has achieved sustained, strong and profitable growth, and this momentum will only be in…

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