Global Software Undervalued Small Caps

Inspur Digital Enterprise Technology

Market Cap: HK$8.8b

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.

Hackett Group

Market Cap: US$519.4m

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

CSE Global

Market Cap: S$481.4m

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.

Nagarro

Market Cap: €606.9m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

N-able

Market Cap: US$1.4b

Provides cloud-based security, data protection, and unified endpoint management software solutions for managed service providers in the United States, the United Kingdom, and internationally.

Qt Group Oyj

Market Cap: €981.1m

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Opera

Market Cap: US$1.5b

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

Praemium

Market Cap: AU$396.5m

Provides advisors and wealth management solutions in Australia and internationally.

Pansoft

Market Cap: CN¥4.7b

Provides management information solutions and IT integrated services for large enterprises in China.

Base

Market Cap: JP¥62.4b

Engages in the computer software development and related work in Japan.

NCD

Market Cap: JP¥22.5b

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

Future

Market Cap: JP¥189.1b

Provides IT consulting and services primarily in Japan.

Almawave

Market Cap: €128.6m

Provides artificial intelligence (AI), natural language processing, and big data solutions in Italy.

Bytes Technology Group

Market Cap: UK£860.0m

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¥15.7b

Provides digital transformation and IT human resources procurement support services in Japan.

Cloudpoint Technology Berhad

Market Cap: RM 430.6m

An investment holding company, provides information technology (IT) and artificial intelligence (AI) solutions, digital applications, and cloud services in Malaysia.

SERAKU

Market Cap: JP¥19.2b

Operates as internet system integrator in Japan.

WingArc1st

Market Cap: JP¥105.5b

Develops and sells software and services in Japan.

Verint Systems

Market Cap: US$1.2b

Provides customer engagement solutions worldwide.

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.

Truecaller

Market Cap: SEK 13.2b

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

All for One Group

Market Cap: €198.4m

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

Computer Engineering & Consulting

Market Cap: JP¥69.9b

Engages in digital industry and system integration businesses in Japan.

Alpha Data PJSC

Market Cap: د.إ1.7b

Offers system integration services.

CI&T

Market Cap: US$547.7m

Provides strategy, design, and software engineering services worldwide.

Five9

Market Cap: US$1.7b

Provides intelligent cloud software for contact centers in the United States and internationally.

Sword Group

Market Cap: €344.8m

Provides IT and software solutions worldwide.

YGSOFT

Market Cap: CN¥11.9b

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

f-code

Market Cap: JP¥25.3b

f-Code Inc. provides digital customer acquisition and development support services in Japan.

Atturra

Market Cap: AU$280.0m

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

TerraSkyLtd

Market Cap: JP¥26.3b

Provides cloud products and solutions in Japan and internationally.

Cybozu

Market Cap: JP¥138.6b

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

AsiaInfo Technologies

Market Cap: HK$8.2b

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

Atea

Market Cap: NOK 15.9b

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

Sansan

Market Cap: JP¥220.4b

Engages in the planning, development, and selling of cloud-based solutions in Japan.