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Odoo tops โฌ7 billion valuation as General Atlantic increases stake
## Odoo: Record Valuation Thanks to General Atlantic
Odoo, a Belgian company specializing in business management software, has announced that it has exceeded โฌ7 billion in valuation. This milestone was reached thanks to the increased stake of General Atlantic, which purchased additional shares from Wallonie Entreprendre, the financial arm of the Belgian region of Wallonia.
The operation does not represent a capital increase for Odoo, but a secondary transaction in which General Atlantic acquired existing shares. Wallonie Entreprendre still holds a stake of approximately 3% in the company.
Founded in 2002, Odoo has experienced steady growth, becoming a benchmark in the field of management software for companies of various sizes. The platform offers a wide range of integrated applications, including CRM, accounting, warehouse management and much more.
Enterprise resource planning (ERP) software has become essential tools for modern businesses. They allow you to automate and integrate key business processes, improving efficiency and productivity. The adoption of ERP solutions is constantly growing, driven by the need for companies to optimize their operations and make more informed decisions.
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