German Software Potentially Undervalued Companies

SYS-DAT

Market Cap: €178.3m

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

Allgeier

Market Cap: €171.1m

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

Tyler Technologies

Market Cap: €13.0b

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

Micro Systemation

Market Cap: €1.4b

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

Made Tech Group

Market Cap: €56.2m

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

Global Dominion Access

Market Cap: €455.2m

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

Wipro

Market Cap: €1.9t

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

Microlise Group

Market Cap: €48.1m

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

JustSystems

Market Cap: €249.5b

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

RADCOM

Market Cap: €214.1m

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

audius

Market Cap: €68.0m

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

Growens

Market Cap: €29.2m

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

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.

Tyler Technologies

Market Cap: €12.8b

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

q.beyond

Market Cap: €91.2m

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

medondo holding

Market Cap: €2.4m

Provides software solutions in Germany.

GitLab

Market Cap: €4.8b

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

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.

Bridgeline Digital

Market Cap: €13.4m

Operates as a marketing technology company in the United States, Canada, and internationally.

i3 Verticals

Market Cap: €547.7m

Provides enterprise software and services solutions to public sector entities in the United States and Canada.

Horizon Robotics

Market Cap: €69.1b

An investment holding company, provides automotive solutions for passenger vehicles in China.

Rackspace Technology

Market Cap: €1.2b

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

Bit Digital

Market Cap: €614.6m

Engages in the institutional grade ethereum treasury and staking business.

AdvancedAdvT

Market Cap: €206.5m

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

GetBusy

Market Cap: €36.2m

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

Zscaler

Market Cap: €20.3b

Operates as a cloud security company worldwide.

SAP

Market Cap: €174.2b

Provides enterprise application and business solutions worldwide.

Streamwide

Market Cap: €219.0m

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

International Business Machines

Market Cap: €260.8b

Provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Rosslyn Data Technologies

Market Cap: €2.2m

Provides data analytics solutions in the United Kingdom, Europe, and North America.

Information Services Group

Market Cap: €201.9m

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

Figma

Market Cap: €10.8b

Develops and sells a collaborative, browser-based platform for designing, prototyping, building digital experiences, and subscriptions for access to its platform.

Witbe

Market Cap: €12.1m

Provides digital services in France, Europe, the Middle East, Africa, Asia, the United States, and internationally.