German Software Potentially Undervalued Companies

Inspur Digital Enterprise Technology

Market Cap: €4.8b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Econocom Group

Market Cap: €288.3m

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

IT Link

Market Cap: €38.5m

Develops connected products and business solutions in France.

All for One Group

Market Cap: €217.9m

Provides business software solutions for SAP, Microsoft, and IBM in Germany, Switzerland, Austria, Poland, Luxembourg, and internationally.

LS telcom

Market Cap: €21.4m

Provides software, IT system, hardware, planning, and consultancy services for optimal spectrum use customers worldwide.

Adobe

Market Cap: €148.2b

Operates as a technology company worldwide.

InfraCom Group

Market Cap: €833.5m

Provides cloud-based telephony, IT, and network services.

Adobe

Market Cap: €148.2b

Operates as a technology company worldwide.

B+S Banksysteme

Market Cap: €12.0m

Provides software solutions for banks and financial service providers.

Witbe

Market Cap: €6.4m

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

Dropbox

Market Cap: €8.3b

Provides a content collaboration platform in the United States and internationally.

Proact IT Group

Market Cap: €2.4b

Provides data and information management services with cloud services and data center solutions in Sweden, the United Kingdom, the Netherlands, Germany, and internationally.

Cloudia Research

Market Cap: €9.2m

Operates in the IT sector in Italy.

Internet Thailand

Market Cap: €2.4b

Provides ICT infrastructure services in Thailand.

Altron

Market Cap: €6.8b

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

ENGAGE XR Holdings

Market Cap: €5.5m

Engages in the development of the educational virtual reality platform.

F-Secure Oyj

Market Cap: €296.2m

Operates as a cybersecurity company in Finland and internationally.

LS telcom

Market Cap: €21.4m

Provides software, IT system, hardware, planning, and consultancy services for optimal spectrum use customers worldwide.

Spyrosoft Spólka Akcyjna

Market Cap: €579.2m

Operates as a software engineering company.

74Software

Market Cap: €1.1b

Operates as a software company in France.

Verint Systems

Market Cap: €1.2b

Provides customer engagement solutions worldwide.

CCC Intelligent Solutions Holdings

Market Cap: €6.4b

Operates as a software as a service (SaaS) company for the property and casualty insurance economy in the United States and China.

Done.ai Group

Market Cap: €694.4m

Provides cloud-based AI–accounting/enterprise resource planning platform to automate business administration and allow for data driven decision making for small, medium, and large companies in Norway, Sweden, rest of Europe, Canada, and internationally.

Compodium International

Market Cap: €51.6m

A technology company, provides secure digital communication services in Sweden.

Adcore

Market Cap: €14.6m

An advertising technology company, provides smart algorithm-powered automation tools and reporting and analytics to digital advertisers worldwide.

Asseco Poland

Market Cap: €14.5b

Produces and sells software products worldwide.

Siav

Market Cap: €17.7m

Offers software solutions and IT services for enterprise content management industry.

Bouvet

Market Cap: €6.8b

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

Novotek

Market Cap: €932.8m

Novotek AB delivers solutions in the industrial IT and automation areas in Sweden, Norway, Denmark, Finland, Benelux countries, the United Kingdom, Ireland, and Switzerland.

Amplitude

Market Cap: €1.4b

Provides a digital analytics platform that analyzes customer behavior in the United States and internationally.

Solid World Group

Market Cap: €20.1m

Provides a range of software products, scanners, and 3D printers that assists the design, prototyping, and production of industrial products in Italy.

Akamai Technologies

Market Cap: €11.0b

Engages in the provision of security, delivery, and cloud computing solutions in the United States and internationally.

Softronic

Market Cap: €1.2b

Provides IT and management services in Sweden.

Alkami Technology

Market Cap: €2.6b

Provides cloud-based digital banking solutions in the United States.

DATAGROUP

Market Cap: €500.7m

Provides information technology (IT) solutions in Germany and internationally.

PagerDuty

Market Cap: €1.5b

Engages in the operation of a digital operations management platform in the United States and internationally.