Global Software Undervalued Small Caps

Inspur Digital Enterprise Technology

Market Cap: HK$8.5b

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.

Nagarro

Market Cap: €736.8m

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

Infomedia

Market Cap: AU$475.5m

A technology company, develops and supplies electronic parts catalogues, service quoting software, and e-commerce solutions for the automotive industry worldwide.

Verint Systems

Market Cap: US$1.3b

Provides customer engagement solutions worldwide.

Qt Group Oyj

Market Cap: €1.5b

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

Semrush Holdings

Market Cap: US$1.4b

Develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally.

Opera

Market Cap: US$1.8b

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

Alithya Group

Market Cap: CA$226.4m

Provides information technology services and solutions through digital technologies in Canada, the United States, and internationally.

Almawave

Market Cap: €95.3m

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

Bytes Technology Group

Market Cap: UK£880.7m

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

Quartix Technologies

Market Cap: UK£124.5m

Engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and other European Territories.

Hackett Group

Market Cap: US$710.2m

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

Future

Market Cap: JP¥201.5b

Provides IT consulting and services primarily in Japan.

Base

Market Cap: JP¥61.0b

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

Pansoft

Market Cap: CN¥4.3b

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

Systems Engineering ConsultantsLTD

Market Cap: JP¥25.0b

A software development company, provides real-time software solutions in mobile networking, Internet technology, public infrastructure, space, robotics, and advanced technology fields in Japan.

CSE Global

Market Cap: S$433.0m

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.

Micro Systemation

Market Cap: SEK 1.0b

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

All for One Group

Market Cap: €234.4m

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

SERAKU

Market Cap: JP¥21.6b

Operates as internet system integrator in Japan.

WM Technology

Market Cap: US$154.7m

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

init innovation in traffic systems

Market Cap: €362.5m

Engages in the provision of intelligent transportation systems solutions for public transportation worldwide.

Computer Engineering & Consulting

Market Cap: JP¥67.3b

Engages in digital industry and system integration businesses in Japan.

CI&T

Market Cap: US$810.3m

Provides strategy, design, and software engineering services worldwide.

Netcompany Group

Market Cap: DKK 12.6b

Provides business critical IT solutions to private and public customers in Denmark, Norway, the United Kingdom, the Netherlands, Greece, Belgium, Luxembourg, and internationally.

Systena

Market Cap: JP¥142.3b

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

74Software

Market Cap: €1.1b

Operates as a software company in France.

Atturra

Market Cap: AU$297.3m

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

Densan System Holdings

Market Cap: JP¥27.9b

Engages in the information service and collection agency service businesses in Japan.

Atea

Market Cap: NOK 17.3b

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

Endava

Market Cap: US$920.4m

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

Lectra

Market Cap: €934.9m

Provides industrial intelligence solutions for fashion, automotive, furniture markets, and other industries in Europe, the Americas, the Asia Pacific, and internationally.

Gofore Oyj

Market Cap: €300.9m

Provides digital transformation consultancy services for private and public sectors in Finland and internationally.

Alfa Financial Software Holdings

Market Cap: UK£653.8m

Through its subsidiaries, provides software and related services to the auto and equipment finance industry in the United Kingdom, North America, Rest of Europe, the Middle East, Africa, and internationally.

Alpha Data PJSC

Market Cap: د.إ1.8b

Offers system integration services.

Sword Group

Market Cap: €358.6m

Provides IT and software solutions worldwide.