Global Software Healthy potentially undervalued

Mastek

Market Cap: ₹50.3b

Engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally.

Commerce.com

Market Cap: US$259.9m

Provides artificial intelligence-driven commerce ecosystem in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Alarm.com Holdings

Market Cap: US$2.5b

Operates a platform for connected properties in North America and internationally.

Kinatico

Market Cap: AU$67.0m

Provides screening, verification, and SaaS-based workforce management and compliance technology systems in Australia and New Zealand.

GB Group

Market Cap: UK£500.8m

Provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally.

Atlassian

Market Cap: US$21.3b

Provides a collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide.

OneSpan

Market Cap: US$535.3m

Provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

IONOS Group

Market Cap: €3.9b

Provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

Enghouse Systems

Market Cap: CA$883.0m

Develops enterprise software solutions worldwide.

PagerDuty

Market Cap: US$769.7m

Engages in the operation of a digital operations management platform in the United States and internationally.

Kyndryl Holdings

Market Cap: US$2.7b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.

Adobe

Market Cap: US$87.3b

Operates as a technology company worldwide.

GoDaddy

Market Cap: US$11.7b

Engages in the design and development of cloud-based products in the United States and internationally.

R Systems International

Market Cap: ₹26.1b

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

PAR Technology

Market Cap: US$785.7m

Provides omnichannel cloud-based software and hardware solutions for the restaurant and retail industries worldwide.

Yonyou Network TechnologyLtd

Market Cap: CN¥31.8b

Provides digital software and services to enterprises and public organizations in China and internationally.

WingArc1st

Market Cap: JP¥86.0b

Develops and sells software and services in Japan.

SPS Commerce

Market Cap: US$2.2b

Provides cloud-based supply chain management solutions in the United States.

Sprout Social

Market Cap: US$485.7m

Designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Truecaller

Market Cap: SEK 4.9b

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

Dassault Systèmes

Market Cap: €24.4b

Provides software solutions and services worldwide.

Kainos Group

Market Cap: UK£902.7m

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

Everforth

Market Cap: US$724.1m

Provides information technology solutions for commercial and government sectors in the United States, Canada, and Europe.

AppLovin

Market Cap: US$177.1b

Provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally.

Vertex

Market Cap: US$2.1b

Provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally.

N-able

Market Cap: US$774.2m

Provides unified endpoint management, security operations, and data protection solutions worldwide.

Otsuka

Market Cap: JP¥1.1t

Provides information services in Japan.

91APP

Market Cap: NT$7.0b

A Software-as-a-Service company, provides information system software and e-commerce value-added services in Taiwan, Hong Kong, Singapore, and Malaysia.

TISI

Market Cap: JP¥686.8b

Provides information technology (IT) services in Japan and internationally.

Glodon

Market Cap: CN¥13.7b

Provides digital building platform services to the construction industry in China.

Reply

Market Cap: €3.7b

Provides consulting, system integration, and digital services based on communication channels and digital media in Italy and internationally.

Inuvo

Market Cap: US$15.9m

An advertising technology and services company, develops and commercializes large language generative artificial intelligence that discovers and targets digital audiences in the United States.

Trifork Group

Market Cap: DKK 1.9b

Provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally.

Sopra Steria Group

Market Cap: €2.7b

Provides consulting, digital, and software development services in France and internationally.

Lightspeed Commerce

Market Cap: CA$2.1b

Engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses.

Alfa Financial Software Holdings

Market Cap: UK£479.8m

Through its subsidiaries, provides software and related services to the auto and equipment finance industry in the United Kingdom, North Americas, Europe, Africa, Australasia and internationally.