Global Software Undiscovered Gems With Strong Fundamentals

Cybozu

Market Cap: JP¥120.5b

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

System Support Holdings

Market Cap: JP¥23.0b

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

Startia HoldingsInc

Market Cap: JP¥29.0b

Engages in the IT business in Japan and internationally.

Enea

Market Cap: SEK 1.1b

Provides software products for telecom and cybersecurity industries worldwide.

Mastersystem Infotama

Market Cap: Rp4.2t

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.

innoscripta

Market Cap: €750.0m

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

Youzan Technology

Market Cap: HK$2.0b

An investment holding company, provides online and offline e-commerce solutions in the People’s Republic of China, Japan, and Canada.

Pinewood Technologies Group

Market Cap: UK£500.7m

Operates as a cloud-based dealer management software provider in the United Kingdom, rest of Europe, Africa, Asia, the Middle East, and internationally.

Info-Tech Systems

Market Cap: S$250.3m

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

Bouvet

Market Cap: NOK 4.7b

Provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.

Computer Modelling Group

Market Cap: CA$296.4m

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