Odoo Reaches €10 Billion Valuation - A Turning Point for Open-Source ERP

Deal Overview

According to The Brussels Times, Odoo - the Belgium-based open-source ERP software company - has announced reaching a €10 billion valuation following its latest investment round. This figure marks impressive growth from the €7 billion valuation in early 2026, when General Atlantic increased its investment in the company.

This deal not only reflects investors' confidence in Odoo's business model but also demonstrates the trend toward more flexible, cost-effective ERP solutions in the AI and digital transformation era.

Journey from Startup to €10 Billion Unicorn

Odoo was founded by Fabien Pinckaers in 2005, starting as an open-source project called TinyERP. After nearly 21 years of development, Odoo has become an ERP platform used by over 12 million users worldwide, with more than 100,000 businesses running on the system.

What makes Odoo special is its "open core" model - combining open-source with paid business modules. This approach allows businesses to start at low cost and gradually expand as needs grow.

Why Odoo Succeeded

There are three key factors that have driven Odoo's remarkable success:

Factor	Description	Benefits
Open Source	Free Community edition, paid Enterprise edition	Lower barriers to entry, increased adoption
Modular Architecture	80+ integrated modules	Flexibility, easy customization to needs
Cloud-Native	Odoo.sh and Odoo Online	Fast deployment, easy maintenance

Odoo Experience India 2026 - The Biggest Event

Also in September 2026, Odoo held Odoo Experience India 2026 on an unprecedented scale: 35,000 attendees, over 100 sessions, and notably the live debut of Odoo 20 - the latest version with numerous integrated AI features.

This event shows that India is becoming a key market for Odoo, with rapid user growth in the Asia-Pacific region.

Significance for Vietnamese Businesses

For Vietnamese businesses, especially SMEs, Odoo offers many advantages:

Reasonable Costs

Compared to SAP Business One or Microsoft Dynamics, Odoo implementation costs are typically 40-60% lower, suitable for the limited budgets of small and medium enterprises.

Strong Development Community

With open-source, businesses can customize to specific needs without vendor lock-in. The Odoo development community in Vietnam is also growing rapidly.

AI Integration Ready

Odoo 20 integrates many AI features such as process automation, predictive analytics, and virtual assistants - helping businesses improve operational efficiency.

Conclusion

Odoo reaching a €10 billion valuation is not just the success of a software company, but also proof of the trend toward open, flexible ERP solutions in the digital age. For Fujigo, mastering both SAP and Odoo enables us to consult the most suitable solutions for each customer - whether large enterprises needing SAP S/4HANA or SMEs better suited to Odoo.

If you're looking for an ERP solution for your business, contact Fujigo for free consultation on both SAP and Odoo.