Global Software Undervalued Small Caps

Hackett Group

Market Cap: US$286.8m

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

Viant Technology

Market Cap: US$867.7m

Operates a cloud-based demand side platform (DSP) that enables the programmatic purchase of digital advertising across multiple channels, including connected TV (CTV), streaming audio, digital out-of-home, mobile, and desktop.

Bouvet

Market Cap: NOK 4.7b

Provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.

Info-Tech Systems

Market Cap: S$245.1m

Engages in the sale of cloud-based accounting software and human resource management software (HRMS) in Malaysia, and Singapore.

Vitec Software Group

Market Cap: SEK 9.8b

Develops and delivers vertical software solutions in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally.

FINEOS Corporation Holdings

Market Cap: AU$672.4m

Engages in the development and sale of enterprise claims and policy management software for life, accident and health insurers, and employee benefits providers in North America, the Asia Pacific, Europe, the Middle East, and Africa.

Pagaya Technologies

Market Cap: US$1.8b

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥7.0b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

Cybozu

Market Cap: JP¥122.3b

Engages in the development, sale, and operation of groupware in Japan.

WingArc1st

Market Cap: JP¥107.6b

Provides software and services in Japan.

Hecto Innovation

Market Cap: ₩184.5b

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

ULS Group

Market Cap: JP¥31.1b

Provides consulting and contract development services related to information systems in Japan.

Kainos Group

Market Cap: UK£1.1b

Engages in the provision of information technology services in the United Kingdom, Ireland, North Americas, Central Europe, and internationally.

Enea

Market Cap: SEK 1.2b

Provides software products for telecom and cybersecurity industries worldwide.

BASEInc

Market Cap: JP¥32.6b

Engages in the planning, development, and operation of web services in Japan.

Vertex

Market Cap: US$1.9b

Provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally.

innoscripta

Market Cap: €799.0m

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

System Support Holdings

Market Cap: JP¥23.5b

Engages in the planning, development, operation, and maintenance of IT systems in Japan and North America.

Excelsoft Technologies

Market Cap: ₹9.6b

Provides software as a service (SaaS) products and services to the education and testing in India.

Praemium

Market Cap: AU$377.8m

Provides advisors and wealth management solutions in Australia and internationally.

Cerillion

Market Cap: UK£278.9m

Engages in the provision of software for billing, charging, and customer relationship management to the telecommunications sector in the United Kingdom, Europe, the Middle East and Africa, the Americas, and the Asia Pacific.

I'LL

Market Cap: JP¥55.4b

Operates as a system solution business in Japan.

Bytes Technology Group

Market Cap: UK£971.0m

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

CSE Global

Market Cap: S$911.6m

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.

Exsitec Holding

Market Cap: SEK 1.5b

Provides digital solutions to medium-sized companies in Sweden, Norway, Denmark, and Finland.

Digital Arts

Market Cap: JP¥60.4b

Develops and markets internet security software and appliances in Japan, the United States, Europe, and the Asia Pacific.

m-up holdings

Market Cap: JP¥55.3b

Engages in the development and distribution of mobile and PC content, and e-commerce businesses in Japan.

Micro Systemation

Market Cap: SEK 1.6b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

Nuix

Market Cap: AU$470.9m

Provides investigative analytics and intelligence software solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

init innovation in traffic systems

Market Cap: €466.8m

Engages in the provision of intelligent transportation systems solutions for public transportation in Germany and internationally.

BlackLine

Market Cap: US$1.7b

Provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally.

Avant Group

Market Cap: JP¥39.4b

Through its subsidiaries, provides accounting, business intelligence, and outsourcing services in Japan.

Startia HoldingsInc

Market Cap: JP¥28.8b

Engages in the IT business in Japan and internationally.

Proact IT Group

Market Cap: SEK 3.2b

Provides data and information management services with cloud services and data center solutions in Sweden, the United Kingdom, the Netherlands, Germany, and internationally.

TechMatrix

Market Cap: JP¥92.2b

Engages in the information infrastructure and application service business in Japan.

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥16.8b

Engages in the debugging, media, and other businesses.