German Software Potentially Undervalued Companies

Triad Group

Market Cap: €49.7m

Provides information technology consultancy services to the public, private, and not-for-profit sectors in the United Kingdom.

WM Technology

Market Cap: €67.2m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

JustSystems

Market Cap: €247.3b

Plans, develops, and provides software and related services primarily in Japan.

Made Tech Group

Market Cap: €55.8m

Through its subsidiaries, engages in the provision of digital, data, and technology services to the public sector in the United Kingdom.

Allgeier

Market Cap: €178.0m

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

Wipro

Market Cap: €1.9t

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

Microlise Group

Market Cap: €47.5m

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

medondo holding

Market Cap: €2.4m

Provides software solutions in Germany.

q.beyond

Market Cap: €91.2m

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

Bairong

Market Cap: €2.5b

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

audius

Market Cap: €66.5m

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

Growens

Market Cap: €28.8m

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

SYS-DAT

Market Cap: €175.2m

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

Micro Systemation

Market Cap: €1.3b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

AudioEye

Market Cap: €83.5m

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.

RADCOM

Market Cap: €212.4m

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

Tyler Technologies

Market Cap: €12.8b

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

GitLab

Market Cap: €4.8b

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

Tyler Technologies

Market Cap: €12.8b

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

Global Dominion Access

Market Cap: €455.2m

Engages in the provision of integral services for business process efficiency and sustainability worldwide.

ATOSS Software

Market Cap: €1.2b

Offers technology and consulting solutions for professional workforce management and demand optimized personnel deployment in Germany, Austria, Switzerland, Netherlands, Romania, and internationally.

SAP

Market Cap: €163.7b

Provides enterprise application and business solutions worldwide.

Cerence

Market Cap: €802.5m

Provides AI powered virtual assistants for the mobility/transportation market in the United States, rest of the Americas, Germany, rest of Europe, the Middle East, Africa, Japan, and rest of the Asia-Pacific.

Cerence

Market Cap: €835.5m

Provides AI powered virtual assistants for the mobility/transportation market in the United States, rest of the Americas, Germany, rest of Europe, the Middle East, Africa, Japan, and rest of the Asia-Pacific.

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.

Zscaler

Market Cap: €20.2b

Operates as a cloud security company worldwide.

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.

Intapp

Market Cap: €1.8b

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

Econocom Group

Market Cap: €255.5m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Rackspace Technology

Market Cap: €1.3b

Operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally.

Streamwide

Market Cap: €220.6m

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

InterDigital

Market Cap: €6.6b

Operates as a global research and development company focuses on wireless, visual, artificial intelligence (AI), and related technologies.

Q2 Holdings

Market Cap: €2.8b

Provides digital solutions to financial institutions, financial technology companies, FinTechs, and alternative finance companies (Alt-FIs) in the United States.

AdvancedAdvT

Market Cap: €203.1m

Engages in the provision of software solutions in Europe, the United Kingdom, North America, and internationally.

Fabasoft

Market Cap: €139.1m

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

Information Services Group

Market Cap: €205.2m

Operates as an artificial intelligence (AI) centered technology research and advisory company in the Americas, Europe, and the Asia Pacific.