German Software Potentially Undervalued Companies

Tieto Oyj

Market Cap: €2.1b

Operates as a software and digital engineering company in Norway, Sweden, Finland, and internationally.

Fabasoft

Market Cap: €149.0m

Provides software products and cloud services for digital document, process, and file management in Austria, Germany, Switzerland, and internationally.

cBrain

Market Cap: €989.6m

A software company, provides software solutions for government, private, education, and non-profit sectors in Denmark, the European Union, and internationally.

Intellicheck

Market Cap: €79.6m

A technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America.

Intapp

Market Cap: €1.9b

Through its subsidiary, Integration Appliance, Inc., provides AI-powered solutions in the United States, the United Kingdom, and internationally.

q.beyond

Market Cap: €89.7m

Engages in the cloud, applications, artificial intelligence (AI), and security businesses in Germany and internationally.

GitLab

Market Cap: €6.6b

Develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.

Microlise Group

Market Cap: €45.2m

Provides transport management technology solutions in the United Kingdom, Rest of Europe, and internationally.

Tyler Technologies

Market Cap: €12.8b

Provides integrated software and technology management solutions for the public sector in the United States.

Atlassian

Market Cap: €37.8b

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

Exodus Movement

Market Cap: €164.8m

Operates as a financial technology for blockchain and digital asset industry in the United States.

SAP

Market Cap: €205.4b

Provides enterprise application and business solutions worldwide.

AudioEye

Market Cap: €75.0m

Provides patented, Internet content publication and distribution software and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States.

Bairong

Market Cap: €2.1b

An investment holding company, operates as an artificial intelligence (AI) technology services company in China.

adesso

Market Cap: €400.4m

Provides IT services in Germany, Austria, Switzerland, and internationally.

audius

Market Cap: €54.8m

Through its subsidiaries, engages in the IT services and software business in Germany.

SYS-DAT

Market Cap: €207.1m

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

Growens

Market Cap: €25.6m

Engages in the cloud marketing technology business in Italy, European countries, and non- countries.

Tyler Technologies

Market Cap: €12.8b

Provides integrated software and technology management solutions for the public sector in the United States.

Allgeier

Market Cap: €189.1m

Provides information technology (IT) solutions and software services in Germany.

Wipro

Market Cap: €1.8t

Operates as an information technology (IT), consulting, and business process services company worldwide.

medondo holding

Market Cap: €4.0m

Provides software solutions in Germany.

Gunosy

Market Cap: €8.7b

Primarily engages in the operation of news and information applications in Japan.

NEC

Market Cap: €6.4t

Provides information technology services and social infrastructure in Japan and internationally.

RM

Market Cap: €95.5m

Supplies products, services, and solutions to educational markets in the United Kingdom, Europe, North America, Asia, the Middle East, and internationally.

Unity Software

Market Cap: €18.9b

Operates a platform to develop, deploy, and grow games and interactive experiences for mobile phones, PCs, consoles, and extended reality devices in the United States, China, Hong Kong, Taiwan, Europe, the Middle East, Africa, the Asia Pacific, Canada, and Latin America.

BIO-key International

Market Cap: €3.6m

Develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions for commercial, government, and education sectors in the United States and internationally.

Elastic

Market Cap: €7.2b

A search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

Datrix

Market Cap: €25.5m

Operates as an artificial intelligence software company in Italy and internationally.

Internet Thailand

Market Cap: €2.5b

Provides information and communication technology (ICT) infrastructure services primarily in Thailand.

GetBusy

Market Cap: €36.5m

A SaaS company, provides productivity software for professional and financial services in the United Kingdom, the United States, Australia, and New Zealand.

adesso

Market Cap: €400.4m

Provides IT services in Germany, Austria, Switzerland, and internationally.

SAP

Market Cap: €205.4b

Provides enterprise application and business solutions worldwide.

Arteris

Market Cap: €1.5b

Provides semiconductor system intellectual property (IP) solutions in the United States, rest of the Americas, China, Korea, the rest of the Asia Pacific, Europe, and the Middle East.

Bit Digital

Market Cap: €487.7m

Engages in the institutional grade ethereum treasury and staking business.

Witbe

Market Cap: €12.9m

Designs and markets network monitoring products in France, Europe, the Middle East, Africa, America, and Asia.