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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.