Global Software Undiscovered Gems With Strong Fundamentals

Pinming Technology

Market Cap: CN¥8.7b

Engages in research and development, sale, and technical service of Internet of Things software and hardware systems, and related products.

International Integrated Systems

Market Cap: NT$3.9b

Provides information system planning and maintenance, software development, and information technology consultation services for public, financial, healthcare, smart city, and telecom and Internet services sectors in Taiwan.

Mamezo Digital Holdings

Market Cap: JP¥50.2b

Provides IT solutions in Japan.

Guomai Technologies

Market Cap: CN¥11.5b

Offers internet of things technology services, internet of things consulting and design services, internet of things science park operation and development services, and education services in China.

Bouvet

Market Cap: NOK 6.6b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.

SYS-DAT

Market Cap: €182.1m

Operates as an information and communication technology company in Italy and internationally.

IVU Traffic Technologies

Market Cap: €361.0m

Develops, installs, maintains, and operates integrated IT solutions for buses and trains worldwide.

Magic Software Enterprises

Market Cap: US$1.3b

Provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services worldwide.

Startia HoldingsInc

Market Cap: JP¥24.9b

Engages in the IT business in Japan and internationally.

System Support Holdings

Market Cap: JP¥29.9b

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

Sichuan Jiuyuan Yinhai Software.Co.Ltd

Market Cap: CN¥7.2b

Provides medical insurance, digital government affairs, and smart cities services for government departments and industry ecosystem entities in China.

Unicommerce eSolutions

Market Cap: ₹13.2b

Provides a suite of software-as-a-service products in India and internationally.

Span d.d

Market Cap: €124.7m

Provides information technology (IT) solutions to companies in Croatia, Slovenia, the United States, the United Kingdom, Ukraine, and internationally.

Sky ICT

Market Cap: ฿8.9b

Engages in information and communication technology (ICT), and system integration businesses in Thailand.

Avant Group

Market Cap: JP¥65.6b

Through its subsidiaries, provides accounting, business intelligence, and outsourcing services.

Altron

Market Cap: R7.5b

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

Streamwide

Market Cap: €204.3m

Designs, develops, markets, and maintains a set of service software for mobiles and telecommunication operators worldwide.

Intercede Group

Market Cap: UK£76.6m

A cybersecurity company, develops and supplies identity and credential management software for digital trust primarily in the United Kingdom, rest of Europe, the United States, and internationally.

Neurones

Market Cap: €1.1b

Provides infrastructure, application, and consulting services in France.

ReposiTrak

Market Cap: US$237.6m

A software-as-a-service provider, operates a business-to-business, e-commerce, compliance and traceability, and supply chain management platform in North America.

Advanced Media

Market Cap: JP¥16.0b

Engages in planning, design, and development of speech recognition solutions in Japan and internationally.

ABEJA

Market Cap: JP¥25.2b

Engages in the digital platform business.

Miroku Jyoho Service

Market Cap: JP¥55.9b

Provides systems and solutions to tax accounting and CPA firms, and their client companies, and small/mid-sized companies in Japan.

JBCC Holdings

Market Cap: JP¥103.6b

Through its subsidiaries, provides information technology (IT) services in Japan.

Aurionpro Solutions

Market Cap: ₹60.7b

Provides technology solutions in India, Asia-Pacific, and internationally.

Netbay

Market Cap: ฿4.3b

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.

I'LL

Market Cap: JP¥61.5b

Operates as a system solution business in Japan.

Mitsubishi Research Institute

Market Cap: JP¥77.2b

Provides research, consulting, and ICT solution to public and private sectors in Japan.

Semitronix

Market Cap: CN¥13.2b

Provides characterization and yield improvement solutions for the semiconductor industry in China and internationally.

Jiangsu Eazytec

Market Cap: CN¥7.9b

Provides cloud computing equipment core firmware products in China and internationally.

NCD

Market Cap: JP¥24.0b

Engages in the system development, support and service, and parking system businesses in Japan.

Atea

Market Cap: NOK 18.0b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Pexip Holding

Market Cap: NOK 7.9b

A video technology company, provides end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

RADCOM

Market Cap: US$220.0m

Provides cloud-native and 5G-ready network intelligence solutions for communication service providers (CSPs).

Black Box

Market Cap: ₹87.8b

Provides information and communications technology solutions in India, the United States, and internationally.

SNP Schneider-Neureither & Partner

Market Cap: €486.5m

Provides software for management of digital transformation processes in Germany.