Global Software Undervalued Small Caps

Inspur Digital Enterprise Technology

Market Cap: HK$8.2b

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¥173.7b

Provides IT consulting and services primarily in Japan.

Tracsis

Market Cap: UK£99.7m

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$1.2b

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

Sword Group

Market Cap: €343.0m

Provides IT and software solutions.

CI&T

Market Cap: US$630.9m

Provides strategy, design, and software engineering services worldwide.

NCD

Market Cap: JP¥22.1b

Engages in the system development, support and service, and parking system businesses in Japan.

Densan System Holdings

Market Cap: JP¥39.6b

Provides information and collection agency services in Japan.

Bytes Technology Group

Market Cap: UK£824.3m

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

74Software

Market Cap: €1.1b

Operates as a software company in France.

Core Concept Technologies

Market Cap: JP¥18.5b

Engages in the provision of digital transformation support in Japan.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥6.4b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

Mensch und Maschine Software

Market Cap: €725.1m

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.

Endava

Market Cap: US$342.4m

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

SERAKU

Market Cap: JP¥19.9b

Operates as internet system integrator in Japan.

Hecto Innovation

Market Cap: ₩203.3b

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

Truecaller

Market Cap: SEK 7.9b

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

Adeia

Market Cap: US$1.4b

Operates as a media and semiconductor intellectual property licensing company in the United States, Asia, Canada, Europe, the Middle East, and internationally.

Karooooo

Market Cap: US$1.4b

Provides a mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.

Enea

Market Cap: SEK 1.3b

Provides software products for telecom and cybersecurity industries worldwide.

All for One Group

Market Cap: €202.5m

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

Alpha Data PJSC

Market Cap: د.إ1.6b

Offers system integration services.

Computer Engineering & Consulting

Market Cap: JP¥69.5b

Engages in digital industry and system integration businesses in Japan.

innoscripta

Market Cap: €918.0m

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

WM Technology

Market Cap: US$155.1m

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

Praemium

Market Cap: AU$397.1m

Provides advisors and wealth management solutions in Australia and internationally.

YGSOFT

Market Cap: CN¥11.7b

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

Altron

Market Cap: R7.4b

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

Atturra

Market Cap: AU$315.0m

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

Tanla Platforms

Market Cap: ₹73.2b

Provides cloud communication platforms as a service solution to enterprises in India and internationally.

I'LL

Market Cap: JP¥58.5b

Operates as a system solution business in Japan.

Hackett Group

Market Cap: US$518.7m

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

AsiaInfo Technologies

Market Cap: HK$7.5b

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

TerraSkyLtd

Market Cap: JP¥26.7b

Provides cloud products and solutions in Japan and internationally.

Cybozu

Market Cap: JP¥139.2b

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

Atea

Market Cap: NOK 17.1b

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