Global Software Undervalued Small Caps

Nagarro

Market Cap: €414.6m

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

Viant Technology

Market Cap: US$726.8m

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 4.4b

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

Praemium

Market Cap: AU$307.1m

Provides advisors and wealth management solutions in Australia and internationally.

Info-Tech Systems

Market Cap: S$232.2m

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

Pagaya Technologies

Market Cap: US$1.2b

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.

FINEOS Corporation Holdings

Market Cap: AU$706.9m

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.

Future

Market Cap: JP¥128.8b

Provides IT consulting and services primarily in Japan.

74Software

Market Cap: €1.1b

Operates as a software company in France.

Bytes Technology Group

Market Cap: UK£875.5m

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

Exsitec Holding

Market Cap: SEK 1.4b

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

Cybozu

Market Cap: JP¥100.1b

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

Truecaller

Market Cap: SEK 4.2b

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

WingArc1st

Market Cap: JP¥78.2b

Develops and sells software and services in Japan.

R Systems International

Market Cap: ₹29.6b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms in Europe, the United States, and internationally.

m-up holdings

Market Cap: JP¥43.8b

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

Kainos Group

Market Cap: UK£901.5m

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

init innovation in traffic systems

Market Cap: €470.2m

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

innoscripta

Market Cap: €760.0m

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

Five9

Market Cap: US$1.5b

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

System Support Holdings

Market Cap: JP¥19.6b

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

Vitec Software Group

Market Cap: SEK 8.9b

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

TechMatrix

Market Cap: JP¥66.3b

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

Systena

Market Cap: JP¥138.0b

Engages in the solution and framework design, IT service, business solution, and cloud businesses in Japan.

Simplex Holdings

Market Cap: JP¥205.1b

Provides IT solutions in Japan.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥8.4b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

Atea

Market Cap: NOK 18.9b

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

CSE Global

Market Cap: S$1.0b

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.

Mensch und Maschine Software

Market Cap: €574.7m

Provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas.

Digital Arts

Market Cap: JP¥48.0b

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

ULS Group

Market Cap: JP¥28.3b

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

BASEInc

Market Cap: JP¥29.5b

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

Nuix

Market Cap: AU$391.3m

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

adesso

Market Cap: €317.2m

Provides IT services in Germany, Austria, Switzerland, and internationally.

Startia HoldingsInc

Market Cap: JP¥26.3b

Engages in the IT business in Japan and internationally.

SYS-DAT

Market Cap: €176.4m

Operates as an information and communication technology company in Italy and internationally.