Odoo (formerly OpenERP) secures $10 million funding to grow its sales force, accelerate international expansion and pursue R&D efforts.

The company, based in Belgium, develops and commercialises a suite of simple and affordable business applications covering all professional needs for SMBs and large corporations. This financing round was jointly provided by leading venture capital firms XAnge (France), SRIW(Belgium), Sofinnova Partners (France), and the management team.

Odoo, is a leading business application software editor. Founded in 2005, Odoo thrives in a unique and fully open ecosystem combining the resources of its community, partners network and vendors. Odooprovides 25 main applications supported by the editor, from CRM, billing, POS management to Website builder and Chat solutions. In addition, the community, comprised of more than 1,500 active members, has contributed more than 3000 apps to cover a wide variety of business needs. The network of 550+ certified partners, established in more than 100 countries, deploys the solution locally. More than 2 million users rely on Odoo to run their business. The software, available online on odoo.com, is one of the most frequently installed business suites worldwide, and is used by both leading corporates such asDanone and McKinsey and SMEs worldwide.