German Software Potentially Undervalued Companies

Enghouse Systems

Market Cap: €1.2b

Develops enterprise software solutions worldwide.

Alarm.com Holdings

Market Cap: €2.5b

Provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally.

Sopra Steria Group

Market Cap: €2.5b

Provides consulting, digital, and software development services in France and internationally.

Digia Oyj

Market Cap: €161.2m

Operates as a software and service company in Finland, Sweden, and internationally.

Netgem

Market Cap: €30.0m

Develops, operates, and distributes the NetgemTV digital video entertainment platform in France and Europe.

TomTom

Market Cap: €646.4m

Develops and sells navigation and location-based products and services in Europe, the Americas, and internationally.

Smith Micro Software

Market Cap: €25.3m

Develops and sells software solutions to simplify and enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa.

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.

F-Secure Oyj

Market Cap: €293.5m

Operates as a cybersecurity company in Finland and internationally.

Cognizant Technology Solutions

Market Cap: €35.8b

A professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally.

B+S Banksysteme

Market Cap: €11.7m

Provides software solutions for banks and financial service providers.

SHIFT

Market Cap: €272.2b

Provides software quality assurance and testing solutions in Japan.

IT Link

Market Cap: €39.7m

Develops connected products and business solutions in France.

InfraCom Group

Market Cap: €711.9m

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

Adobe

Market Cap: €141.1b

Operates as a technology company worldwide.

accesso Technology Group

Market Cap: €130.2m

Develops technology solutions for the attractions and leisure industry.

Prologue

Market Cap: €21.3m

Prologue S.A. delivers IP communications, and enterprise content management (ECM) and exchange (EDI) solutions in France and internationally.

ENGAGE XR Holdings

Market Cap: €3.9m

Engages in the development of the educational virtual reality platform.

Proact IT Group

Market Cap: €2.7b

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

Altron

Market Cap: €7.2b

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

Internet Thailand

Market Cap: €2.1b

Provides ICT infrastructure services in Thailand.

All for One Group

Market Cap: €196.7m

Provides business software solutions for SAP, Microsoft, and IBM primarily 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.

Mensch und Maschine Software

Market Cap: €681.8m

Provides computer aided design, manufacturing, and engineering, product data management, and building information modeling/management solutions in Germany, Austria, Switzerland, the United Kingdom, Italy, France, Hungary, and internationally.

Dropbox

Market Cap: €7.9b

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

Witbe

Market Cap: €5.9m

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

Fabasoft

Market Cap: €166.1m

Provides software products and cloud services for digital document, process, and file management in Austria, Germany, Switzerland, 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: €139.6b

Operates as a technology company worldwide.

Otsuka

Market Cap: €1.1t

Operates as an information technology (IT) platformer in Japan.

SmartCraft

Market Cap: €3.6b

Provides software solutions to the construction industry in Norway, Sweden, Finland, and the United Kingdom.

8x8

Market Cap: €282.8m

Provides contact center, voice, video, chat, and enterprise-class application programmable interface (API) solutions worldwide.

Workiva

Market Cap: €5.2b

Provides cloud-based reporting solutions in the Americas and internationally.

Solutions 30

Market Cap: €100.0m

Provides support solutions for new digital technologies in Benelux, France, Spain, Italy, Germany, Portugal, Poland, and the United Kingdom.

Varonis Systems

Market Cap: €4.2b

Provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of world.

Done.ai Group

Market Cap: €526.4m

Provides delivering proprietary enterprise resource planning systems to small, medium, and large companies through cloud-based services and software as a service.