Global Software Undervalued Small Caps

Viant Technology

Market Cap: US$760.8m

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.

Praemium

Market Cap: AU$346.1m

Provides advisors and wealth management solutions in Australia and internationally.

Info-Tech Systems

Market Cap: S$254.1m

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

Bytes Technology Group

Market Cap: UK£740.8m

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

Pagaya Technologies

Market Cap: US$1.3b

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.

LiveRamp Holdings

Market Cap: US$1.9b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Cybozu

Market Cap: JP¥101.0b

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

Atea

Market Cap: NOK 17.7b

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

Exsitec Holding

Market Cap: SEK 1.4b

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

WingArc1st

Market Cap: JP¥91.9b

Develops and sells software and services in Japan.

Truecaller

Market Cap: SEK 4.4b

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

Hecto Innovation

Market Cap: ₩251.3b

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

Mastersystem Infotama

Market Cap: Rp4.4t

Engages in the provision of information and communication technology infrastructure solutions and system integration services to enterprise banking, oil and gas, enterprise, and telecommunication markets in Indonesia.

Qt Group Oyj

Market Cap: €500.2m

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

innoscripta

Market Cap: €678.0m

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

Bouvet

Market Cap: NOK 5.3b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.

System Support Holdings

Market Cap: JP¥22.4b

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

Startia HoldingsInc

Market Cap: JP¥25.9b

Engages in the IT business in Japan and internationally.

Computer Modelling Group

Market Cap: CA$315.7m

A software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services.

Altron

Market Cap: R8.4b

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

74Software

Market Cap: €1.1b

Operates as a software company in France.

Simplex Holdings

Market Cap: JP¥209.6b

Provides IT solutions in Japan.

nCino

Market Cap: US$1.9b

A software-as-a-service company, provides software solutions to financial institutions in the United States, the United Kingdom, and internationally.

Materialise

Market Cap: US$316.2m

Provides additive manufacturing and medical software tools, and 3D printing services in the Americas, Europe, Africa, and the Asia-Pacific.

Nanjing Sciyon Wisdom Technology Group

Market Cap: CN¥8.7b

Nanjing Sciyon Wisdom Technology Group Co., Ltd.

Allgeier

Market Cap: €175.1m

Provides information technology (IT) solutions and software services in Germany.

Digital Arts

Market Cap: JP¥66.4b

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

m-up holdings

Market Cap: JP¥51.7b

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

Kainos Group

Market Cap: UK£947.3m

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

Karooooo

Market Cap: US$1.6b

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.

R Systems International

Market Cap: ₹36.6b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms.

Logo Yazilim Sanayi ve Ticaret

Market Cap: ₺15.5b

Develops and markets software solutions in Turkey and internationally.

BASEInc

Market Cap: JP¥33.5b

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

Gentrack Group

Market Cap: NZ$461.1m

Engages in the development, integration, and support of enterprise billing and customer management software solutions for the energy and water utility, and airport industries.

TXT e-solutions

Market Cap: €430.9m

Provides software and service solutions in Italy and internationally.

Five9

Market Cap: US$1.7b

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