LOUVAIN-LA-NEUVE, Belgium, Nov. 20, 2024 /PRNewswire/ — Odoo S.A., a leading provider of integrated business software, today announced a €500 million transaction led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP, and Alkeon. This secondary capital transaction reflects strong confidence in the company’s vision and impact. As part of the transaction, existing investors Summit Partners, Noshaq, and Wallonie Entreprendre  are selling a portion of their shares; Summit will remain Odoo’s largest institutional shareholder.

This major transaction underscores Odoo’s leadership position in the SMB software ecosystem and strong, profitable financial profile. It also highlights the company’s continued momentum in reshaping the business software landscape with innovative, accessible solutions for companies worldwide.

Since its founding in April 2002, Odoo S.A. has been dedicated to developing and continuously enhancing a comprehensive suite of management software applications for small and mid-sized businesses. Today, with over 13 million users and currently adding more than 7,000 new clients each month, Odoo has built a strong presence in the industry. Known for its intuitive and user-friendly design, Odoo empowers companies to focus on what matters most: improving customer satisfaction, driving innovation, optimizing business processes, and scaling operations efficiently.

Odoo S.A. has achieved sustained annual growth of 40% and is projected to exceed €650 million in billings within the next 12 months, with a target of reaching €1 billion in billings by 2027. The company has strengthened its global presence by establishing 15 subsidiaries and building a network of 7,500 partners worldwide. With this latest investment, Odoo S.A.’s valuation has reached €5 billion.

“Fabien and his team have built a one-of-a-kind business from their ambitious vision for a unified suite of tightly integrated business apps,” said Alex Nichols, partner at CapitalG, the independent growth firm of Alphabet Inc., Google’s parent company. “Odoo’s powerful and easy-to-use suite of apps has won over customers across more than 100 countries and virtually every industry, as well as companies with anywhere from one to thousands of employees. The team’s two decades of dedication and long-term thinking has fostered a robust community of partners, contributors, and users that will serve as their foundation for years to come. We are thrilled to partner with Fabien and the rest of Odoo’s leadership team.”

“Odoo has built an outstanding software company with a unique culture, product suite, and ecosystem,” said Andrew Reed, partner, Sequoia Capital. “Odoo is a tremendous business already, and it feels like their best days are still ahead. Odoo has the long-term potential to transform the SMB software market and deliver enormous value to customers. We’re excited to partner with Fabien and the Odoo team for the long-term.“

The recent launch of Odoo 18, the most advanced iteration of the company’s software, on October 2nd, strengthens the company’s market position and enhances overall performance and customer experience.

“ERPs are traditionally expensive and resource-intensive to implement, often failing to meet the actual needs and evolving requirements of SMEs. We have developed a unique value proposition that is playing a pivotal role in the market” explains Fabien Pinckaers, founder and CEO of Odoo S.A.

This €500 million investment exemplifies the international recognition and trust that Odoo has garnered within the investment community. Following investments led by Summit Partners in 2019, 2021 and 2022, this latest round further highlights Odoo’s appeal to investors.

Faris Al Mazrui, Head of Growth at Mubadala, said “Odoo stands out as a prime example of innovation in global software, offering scalable, adaptable solutions that empower businesses in the digital and cloud transformation journey. With Mubadala’s expertise in software investments and the UAE’s role as a fast-growing tech hub, we see Odoo as an exceptional partner for companies adapting to cloud and AI megatrends. We’re excited to support their growth worldwide“.

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“Odoo continues to deliver solutions that we believe are helping to transform the business software landscape – and they are doing so with impressive traction,” added Antony Clavel, a Managing Director at Summit Partners who has served on the Odoo Board of Directors since Summit’s initial investment in 2019. “We are delighted to welcome new investors and look forward to working together to support Odoo’s exciting growth trajectory.” Following this transaction, Summit remains Odoo’s largest institutional shareholder.

Odoo does not stop here. For 2025, the unicorn is already expecting many more opportunities and expansion projects, enhancing Odoo’s capabilities for research and development, and allowing accelerated innovation in its product offerings.

“We are expecting to open five new subsidiaries within the next three years across Europe, Latin America and Asia-Pacific,” said Sebastien Bruyr, Odoo S.A. Chief Commercial Officer.  Odoo’s Chief Finance Officer, Alessandro Mazzocchetti, added, “I’m confident that Odoo will remain profitable in terms of EBITDA and Cash Flow as we expand our team and global reach. We will keep working hard to serve our customers and partners!”.

For Olivier Vanderijst, CEO of Wallonie Entreprendre (WE), “the visionary and strategic nature of Odoo’s management and the rigor with which it has implemented this vision have led to an incredible valuation of 5 billion euros, which has attracted the best investors in the world. This is why WE has signed this transaction, while remaining a shareholder in the company to support its future growth as a local player”.

J.P. Morgan SE acted as exclusive placement agent on this transaction.

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AUSTIN, Texas, Nov. 20, 2024 /PRNewswire/ — ROLLER, a leading venue management software provider, is excited to announce the release of its 2025 Attractions Industry Benchmark Report – which happens to coincide with the company hitting its 2,000 customer milestone.

The comprehensive report, which will be unveiled at IAAPA Expo in Orlando, is packed with insights from hundreds of thousands of data points. The guide offers operators vital strategies for boosting revenue and enhancing the guest experience in the coming year.

Compiled from anonymized data from a 24-month period, the 2025 Attractions Industry Benchmark Report presents a thorough analysis of trends and easy-to-read infographics – covering essential areas such as booking and spending behavior, parties and group bookings, membership trends, payment methods, and popular venue features.

The report is organized so operators can easily compare their performance within their specific sector and region – helping them identify growth opportunities.

“One thing we love about the attractions industry is that operators are extremely collaborative and help each other out when they can. Our goal is to honor these collaborations and bring the community together,” said Luke Finn, CEO and Founder of ROLLER. “We created the report to provide the community with proven trends and data to help them stay ahead and enter 2025 with confidence.”

Key insights from the report:

• Rising online conversions and revenue: Online bookings are increasing across all regions, with average basket sizes up to 3x larger than in-person point-of-sale (POS) transactions. The report dives into how mobile and online checkout optimizations drive these increases.
• Impact of party bookings and memberships: Despite a slight dip in overall party bookings due to economic conditions, per-head spending remains strong, softening revenue impact. Additionally, members visit 261% more often than non-members, underscoring the importance of memberships in fostering loyalty and boosting repeat visits.
• Growth of digital wallet payments: Digital wallets now account for a large portion of transactions, with venues reporting order values up to 43% higher for wallet transactions compared to traditional card payments.

The full report includes additional details on these areas and so much more. Each section is also paired with strategic analysis based on ROLLER’s 14+ years in the industry to help operators take direct actions based on the insights. Download the full report here.

About ROLLER

ROLLER is a cloud-based venue management platform built for the attractions industry. Its all-in-one platform simplifies business processes and maximizes revenue for venues worldwide. ROLLER’s comprehensive solution includes online checkout, ticketing, POS, integrated payments, memberships, gift cards, waivers, and more—designed to streamline operations and enhance the guest experience.

For more information, visit ROLLER’s website.

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Partial list of confirmed attendees include – Taylor Sheridan (Yellowstone series actor and producer), Tyler Cameron (The Bachelor), Ian Bohen (Yellowstone, Teen Wolf), Luke Grimes (Yellowstone) Forrie Smith (Yellowstone) LaMonica Garrett (1883, Lioness), Jefferson White (Yellowstone) Nacho Figueras (Model, Argentine Professional Polo Player), Austin Hebert (Lioness), Jen Landon (Yellowstone), Thad Luckinbill (Lioness, The Young and The Restless), Brecken Merrill (Yellowstone), Aminah Nieves (1923), Mo Brings Plenty (Yellowstone), Michelle Randolph (Land Man, 1923), and Brandon Sklenar (1923, It Ends With Us). Australian Actress Nicole Kidman is also confirmed.
Musician/ Actor Luke Grimes (Kayce on Yellowstone) will perform at the VIP Meet & Greet.
For Event VIP & General Admission – Tickets by Prekindle.com

DALLAS, Nov. 20, 2024 /PRNewswire/ — Icon Global and the National Cutting Horse Association (NCHA) have teamed up to unite and benefit UT Southwestern Medical Center FW in the first annual NCHA Celebrity Cutting presented by Icon Global at the historic Will Rogers Coliseum in Fort Worth, Tx. Nov 29th. Video

Actor Producer Taylor Sheridan and wife Nicole Sheridan have corralled an enormous amount of support via various shows and plethora of business interests, including Cast members of Yellowstone, 1883, 1923, Landman, Lioness, and others.

“The inaugural NCHA-owned event heralds an incredible and unprecedented level of attendance and a ground swell of participation with human and equine athletic talent.” – said Nicole Sheridan, who is co-chairing the fundraiser together with Ms. Kit Moncrief of Fort Worth.

“The success of the buildup to this first-time event managed by the NCHA and presented by Icon Global has been an incredible team effort,” stated NCHA executive director Mr. Jay Winborn, everyone has leaned in to get behind us and ensure the success of the night. Winborn tapped the international ranch and real estate brokerage Icon Global as the presenting sponsor. “Icon is a top-shelf company that is renowned for innovative global marketing reach and who has an incredible record of success. They are a perfect partner for NCHA to help energize a new focus on our event,” he said.

Icon Global founder Australian Bernard Uechtritz said, “We are all in. In addition to our presenting sponsorship, we are bringing the Icon marketing machine and creative reach to the table for our VIP guests, and to launch exposure to Icon’s 2025 pipeline of new legacy assets.

I have called on a friend, Nacho Figueras, to help. Figueras, dubbed the David Beckham of Polo, is a globally recognized Polo professional and former face of Ralph Lauren model, he is an all-round international superstar, Polo promoter, and entrepreneur. He is bringing his fun, philanthropic energy, connections, and presence to the event with us. Nacho and his equally talented wife, Delfina Blaquier, also a model and equestrian, are flying in from Argentina to support and compete for the cause. The A-List celebrity lineup of competitors and attendees is off the chart with actors, supermodels, and musicians of every genre confirmed to ride, attend, rally, promote or otherwise influence and enhance. Notably, each and all are giving up their personal time and talent during Thanksgiving weekend, truly exemplifying the meaning of Thanksgiving this year.” said Uechtritz.

Women Athletes. In an era of increasing visibility and appreciation for professional female athletes’ accomplishments; fans of supermodel, horsewoman, and year-round cutting horse contestant Bella Hadid are hoping that she might soon officially announce her entry and participation. Nicole Sheridan is an equally serious and professional horsewoman. Jen Landon, daughter of acclaimed actor Michael Landon and Yellowstone actress (teeter) will return to the arena at Will Rogers Coliseum. Rachael Patton 24 is another NCHA standout, accomplished competitor and multiple prize-winning athlete. United States Polo Association’s professional female player, Olivia Uechtritz, 23, is also entered. Uechtritz has competed at the highest level of Women’s Polo Tournaments since she was just 17 years old, playing in Open Women’s competition in France, USA, England, and South Africa.

Tickets by Prekindle.com

About NCHA– “The NCHA promotes and celebrates the cutting horse, whose origin on Western ranches allows us to support ranching and its western heritage. By establishing rules for the conduct of cutting horse shows, NCHA strives to give cutters a level playing field and a progressive class structure, which accommodates everyone from the beginner to the advanced competitor. NCHA draws on the diverse talents and background of its members and encourages their participation in helping it achieve these goals.”

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About IG– Icon Global designs and implements strategic, tactical marketing and sales campaigns for unique, high-end ranches and real estate globally. Icon Global was founded by complex deal maker and international real estate advisor, Bernard Uechtritz. The Australian native most notably led the global marketing and sale of the 535,000-acre W.T. Waggoner Ranch in Vernon, Texas, listed at $725 million, in a world record sale. The Waggoner is known as the largest ranch in North America under one fence. The firm recently launched in Europe, opening offices in London, England, and Normandy, France. Icon Black Label Privè is a private service representing off-market, non-public real estate and unique business assets for discrete clientele across several categories.

About UT Southwestern-UT Southwestern, one of the nation’s premier academic medical centers, integrates pioneering biomedical research with exceptional clinical care and education. The institution’s faculty members have received six Nobel Prizes and include 25 members of the National Academy of Sciences, 24 members of the National Academy of Medicine, and 14 Howard Hughes Medical Institute Investigators. The full-time faculty of more than 3,200 is responsible for groundbreaking medical advances and is committed to translating science-driven research quickly to new clinical treatments. UT Southwestern physicians provide care in more than 80 specialties to more than 120,000 hospitalized patients, more than 360,000 emergency room cases, and oversee nearly 5 million outpatient visits a year.

NCHA Celebrity Cutting Event 2024 presented by Icon Global – Video Commercial

NCHA – Celebrity Cutting 2024 presented by Icon Global – About & Ticket Sales

Icon Global Presents – NCHA Celebrity Cutting Event 2024 – digital book

About Icon Global

https://www.icon.global/

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