Global Software Undervalued Small Caps

Inspur Digital Enterprise Technology

Market Cap: HK$8.3b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Future

Market Cap: JP¥176.0b

Provides IT consulting and services primarily in Japan.

Tracsis

Market Cap: UK£93.0m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Opera

Market Cap: US$1.3b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Perfect

Market Cap: US$178.2m

An artificial intelligence software as a service company, provides artificial intelligence (AI)- and augmented reality (AR)-powered solutions for beauty, fashion, and skincare industries worldwide.

CI&T

Market Cap: US$571.2m

Provides strategy, design, and software engineering services worldwide.

Sword Group

Market Cap: €334.9m

Provides IT and software solutions.

Densan System Holdings

Market Cap: JP¥38.6b

Provides information and collection agency services in Japan.

Bytes Technology Group

Market Cap: UK£857.9m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Mensch und Maschine Software

Market Cap: €742.6m

Provides computer aided design, manufacturing, and engineering, product data management, and building information modeling/management solutions in Germany, Austria, Switzerland, the United Kingdom, Italy, France, Hungary, and internationally.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥6.5b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

Core Concept Technologies

Market Cap: JP¥19.9b

Engages in the provision of digital transformation support in Japan.

Endava

Market Cap: US$345.1m

Provides technology services in North America, Europe, the United Kingdom, and internationally.

Enea

Market Cap: SEK 1.4b

Provides software products for telecom and cybersecurity industries worldwide.

All for One Group

Market Cap: €192.1m

Provides business software solutions for SAP, Microsoft, and IBM primarily in Germany, Switzerland, Austria, Poland, Luxembourg, and internationally.

Truecaller

Market Cap: SEK 6.5b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Hecto Innovation

Market Cap: ₩212.2b

Operates as an IT platform company in the field of information security primarily in Korea.

SERAKU

Market Cap: JP¥20.4b

Operates as internet system integrator in Japan.

innoscripta

Market Cap: €867.0m

Provides software-as-a-service for managing research and development (R&D) tax incentives and project management consulting in Germany.

Alpha Data PJSC

Market Cap: د.إ1.7b

Offers system integration services.

Computer Engineering & Consulting

Market Cap: JP¥76.0b

Engages in digital industry and system integration businesses in Japan.

WM Technology

Market Cap: US$148.8m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

Docebo

Market Cap: CA$864.9m

Develops and provides a learning management platform for training in North America and internationally.

YGSOFT

Market Cap: CN¥11.5b

Provides enterprise management, energy interconnection, and social service information technology products and services to the energy and power industry in China.

Altron

Market Cap: R7.7b

Engages in information communication and technology business in South Africa, rest of Africa, Europe, and internationally.

Praemium

Market Cap: AU$382.7m

Provides advisors and wealth management solutions in Australia and internationally.

Atturra

Market Cap: AU$255.7m

Provides advisory and information technology solutions in Australia, New Zealand, Singapore, North America, and Hong Kong.

Hackett Group

Market Cap: US$543.7m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

74Software

Market Cap: €1.2b

Operates as a software company in France.

Atea

Market Cap: NOK 17.3b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

TerraSkyLtd

Market Cap: JP¥26.7b

Provides cloud products and solutions in Japan and internationally.

CSE Global

Market Cap: S$694.9m

An investment holding company, engages in the provision of integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

AsiaInfo Technologies

Market Cap: HK$6.9b

An investment holding company, offers telecom software products and related services in the People’s Republic of China.

Allot

Market Cap: US$453.0m

Develops, sells, and markets network intelligence and security solutions in Israel, Europe, Asia, Oceania, the Americas, the Middle East, and Africa.

Cafe24

Market Cap: ₩730.2b

Operates an e-commerce platform worldwide.

Cybozu

Market Cap: JP¥135.5b

Develops, sells, and operates of groupware solutions in Japan.