Odoo S.A. secures a €500 million investment to accelerate growth and expand its integrated business software solutions for SMEs.
Information on the Target
Odoo S.A. is a prominent provider of integrated business software, founded in April 2002. The company focuses on creating and continuously enhancing a comprehensive suite of management software applications tailored for small and medium-sized businesses. With over 13 million users and an impressive addition of more than 7,000 new clients each month, Odoo has established a significant presence in the software industry.
Odoo has maintained an annual growth rate of 40% and is predicted to achieve over €650 million in annual recurring revenue (ARR) within the next 12 months, with strategic goals set to reach €1 billion in ARR by 2027. The company has expanded its global footprint by establishing 15 subsidiaries and cultivating a network of 7,500 partners worldwide. Following its latest investment, Odoo’s valuation has soared to €5 billion.
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Industry Overview in the Target’s Country
Odoo S.A. operates within the broader Software as a Service (SaaS) industry, which has been gaining momentum in recent years, particularly in Europe. The demand for business management solutions tailored to the needs of small and medium-sized enterprises (SME
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Disclosed details
Transaction Size: $500M
Revenue: $650M
Enterprise Value: $5,000M
Multiples
EV/Revenue: 7.7x