Global Software Undiscovered Gems With Strong Fundamentals

Base

Market Cap: JP¥54.2b

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

Cybozu

Market Cap: JP¥111.0b

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

Business Engineering

Market Cap: JP¥62.5b

Designs, develops, and implements corporate information systems, primarily using ERP package products developed by other companies worldwide.

Startia HoldingsInc

Market Cap: JP¥26.9b

Engages in the IT business in Japan and internationally.

Excelsoft Technologies

Market Cap: ₹10.1b

Provides software as a service (SaaS) products and services to the education and testing in India.

Cafe24

Market Cap: ₩500.5b

Operates an e-commerce platform worldwide.

Exsitec Holding

Market Cap: SEK 1.4b

Provides digital solutions to medium-sized companies in Sweden, Norway, Denmark, and Finland.

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.

Youzan Technology

Market Cap: HK$2.9b

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

innoscripta

Market Cap: €847.0m

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

TechMatrix

Market Cap: JP¥75.8b

Engages in the information infrastructure and application service business in Japan.

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥16.1b

Engages in the debugging, media, and other businesses.

Info-Tech Systems

Market Cap: S$239.9m

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

Future

Market Cap: JP¥135.8b

Provides IT consulting and services primarily in Japan.

R Systems International

Market Cap: ₹30.8b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms.

Bouvet

Market Cap: NOK 4.6b

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$305.7m

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

Pinewood Technologies Group

Market Cap: UK£295.8m

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