Global Software Undervalued Small Caps

Eleco

Market Cap: UK£89.1m

Provides software and related services in the United Kingdom, Scandinavia, Germany, the rest of Europe, the United States, and internationally.

CSE Global

Market Cap: S$875.9m

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.

Cafe24

Market Cap: ₩677.0b

Operates an e-commerce platform worldwide.

Gofore Oyj

Market Cap: €212.2m

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

Kainos Group

Market Cap: UK£831.9m

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

m-up holdings

Market Cap: JP¥45.3b

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

WingArc1st

Market Cap: JP¥88.6b

Develops and sells software and services in Japan.

TXT e-solutions

Market Cap: €365.7m

Provides software and service solutions in Italy and internationally.

Crexendo

Market Cap: US$201.9m

Provides cloud communication platform software and unified communications as a service in the United States and internationally.

Cerence

Market Cap: US$296.2m

Provides AI-powered assistants for the mobility/transportation market in the United States, the rest of the Americas, Germany, the rest of Europe, the Middle East, Africa, Japan, and the rest of the Asia-Pacific.

Nuix

Market Cap: AU$423.5m

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

Cyient

Market Cap: ₹89.9b

Provides geospatial, engineering design, manufacturing, networks and operations, data transformation, and analytic services in North America, Europe, Middle East, and the Asia Pacific.

Five9

Market Cap: US$1.1b

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

Sinergi Inti Andalan Prima

Market Cap: Rp5.9t

Provides internet services in Indonesia.

Altron

Market Cap: R7.7b

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

Rakus

Market Cap: JP¥260.6b

Provides cloud services in Japan.

Netbay

Market Cap: ฿3.5b

Engages in the provision of Software as a Service (SaaS) for online electronic transactions between business-to-government, business-to-business, and business-to-consumer groups in Thailand.