U.S. Software Healthy potentially undervalued

PTC

Market Cap: US$21.3b

Operates as software company in the Americas, Europe, and the Asia Pacific.

ACI Worldwide

Market Cap: US$5.0b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Tenable Holdings

Market Cap: US$3.0b

Provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Roper Technologies

Market Cap: US$47.9b

Designs and develops vertical software and technology enabled products in the United States, Canada, Europe, Asia, and internationally.

Dynatrace

Market Cap: US$13.3b

Engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Inuvo

Market Cap: US$38.9m

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

Opera

Market Cap: US$1.3b

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

Amdocs

Market Cap: US$8.7b

Through its subsidiaries, provides software and services to communications, entertainment, media, and other service providers worldwide.

Accenture

Market Cap: US$167.5b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

SoundThinking

Market Cap: US$99.8m

A public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership.

Similarweb

Market Cap: US$602.2m

Provides digital data and analytics for power critical business decisions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally.

Pagaya Technologies

Market Cap: US$1.8b

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services and other service providers, their customers, and asset investors in the United States, Israel, and the Cayman Islands.

GoDaddy

Market Cap: US$17.2b

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

Alarm.com Holdings

Market Cap: US$2.6b

Provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally.

OneSpan

Market Cap: US$486.0m

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.

PagerDuty

Market Cap: US$1.2b

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

Adobe

Market Cap: US$149.0b

Operates as a technology company worldwide.

Jamf Holding

Market Cap: US$1.7b

Provides management and security solutions for Apple platforms in the Americas, Europe, the Middle East, India, Africa, and the Asia Pacific.

HubSpot

Market Cap: US$20.4b

Provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific.

Commerce.com

Market Cap: US$342.9m

Operates a software-as-a-service e-commerce platform for brands and retailers in the United States, North and South America, Europe, the Middle East, Africa, and the Asia Pacific.

Endava

Market Cap: US$361.4m

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

Kyndryl Holdings

Market Cap: US$6.2b

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

Teradata

Market Cap: US$2.9b

Provides a connected hybrid cloud analytics and data platform in the United States and internationally.

Adeia

Market Cap: US$1.4b

Operates as a media and semiconductor intellectual property licensing company in the United States, Asia, Canada, Europe, the Middle East, and internationally.

ASGN

Market Cap: US$2.1b

Engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe.

DXC Technology

Market Cap: US$2.7b

Provides information technology services and solutions in the United States, the United Kingdom, the Rest of Europe, Australia, and internationally.

Dolby Laboratories

Market Cap: US$6.3b

Engages in the design and manufacture of audio, imaging, accessibility, and other hardware and software solutions for television, broadcast, and live entertainment industries in the United States and internationally.

Zoom Communications

Market Cap: US$26.6b

Provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Zeta Global Holdings

Market Cap: US$4.4b

Operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

Sprout Social

Market Cap: US$672.4m

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

Expensify

Market Cap: US$134.9m

Provides a cloud-based expense management software platform in the United States and internationally.

A10 Networks

Market Cap: US$1.3b

Provides security and infrastructure solutions in the United States, rest of the Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa.

N-able

Market Cap: US$1.4b

Provides cloud-based security, data protection, and unified endpoint management software solutions for managed service providers in the United States, the United Kingdom, and internationally.

Freshworks

Market Cap: US$3.5b

A software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, Asia Pacific, and internationally.

Clear Secure

Market Cap: US$4.9b

Operates a secure identity platform under the CLEAR brand name primarily in the United States.

Amplitude

Market Cap: US$1.5b

Provides a digital analytics platform that analyzes customer behavior in the United States and internationally.