German Software Potentially Undervalued Companies

Zeta Global Holdings

Market Cap: €5.0b

Operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

Pivotree

Market Cap: €40.3m

Designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers worldwide.

Qualys

Market Cap: €3.9b

Provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally.

NCR Voyix

Market Cap: €961.9m

Provides digital commerce solutions for retail stores and restaurants in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Indra Sistemas

Market Cap: €9.7b

Provides technology services for the defense, aerospace, and advanced digital technologies sectors in Spain, Brazil, the rest of America, Italy, the rest of Europe, Asia, the Middle East, and Africa.

BII Railway Transportation Technology Holdings

Market Cap: €576.7m

An investment holding company, provides intelligent rail transit system services in the People’s Republic of China.

Bytes Technology Group

Market Cap: €850.9m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Alten

Market Cap: €2.0b

Operates as an engineering and technology consultancy company in France, North America, Germany, Scandinavia, Benelux, Iberian, Italy, the United Kingdom, the Asia-Pacific, Switzerland, Eastern Europe, and internationally.

Substrate Artificial Inteligence

Market Cap: €6.1m

Engages in the creation and development of artificial intelligence systems in Spain, the United Kingdom, the United States, and Latin America.

plenum

Market Cap: €5.6m

Engages in the provision of management consulting services to energy and mobility, financial institutions, and insurance companies in Germany, Austria, Switzerland, and the United States.

Lemonsoft Oyj

Market Cap: €85.4m

A software company, designs, develops, and delivers enterprise resource planning software solutions in Finland and internationally.

init innovation in traffic systems

Market Cap: €495.6m

Engages in the provision of intelligent transportation systems solutions for public transportation in Germany and internationally.

init innovation in traffic systems

Market Cap: €495.6m

Engages in the provision of intelligent transportation systems solutions for public transportation in Germany and internationally.

Cliq Digital

Market Cap: €21.3m

An online performance marketing company, sells digital products and bundled-content subscriptions to consumers in North America, Europe, Latin America, and internationally.

Truecaller

Market Cap: €3.6b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Ctac

Market Cap: €42.4m

Provides IT and business consulting services in the Netherlands and Belgium.

ACCESS Newswire

Market Cap: €24.1m

Provides solutions for public relations and investor relations in the United States and internationally.

Kingdee International Software Group

Market Cap: €25.9b

An investment holding company, engages in the subscription and sale of software worldwide.

Indra Sistemas

Market Cap: €9.7b

Provides technology services for the defense, aerospace, and advanced digital technologies sectors in Spain, Brazil, the rest of America, Italy, the rest of Europe, Asia, the Middle East, and Africa.

Netum Group Oyj

Market Cap: €13.9m

Operates as an IT services company in Finland.

Exasol

Market Cap: €64.3m

A technology company, engages in the provision of an analytics engine to access and analyze a company’s data in Germany, Austria, Switzerland, Europe, the United Kingdom, and the United States.

Autodesk

Market Cap: €46.7b

Engages in the provision of 3D design, engineering, and entertainment technology solutions worldwide.

Gartner

Market Cap: €10.0b

Provides business and technology insights for decisions and performance on an organization’s mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally.

cBrain

Market Cap: €1.0b

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

Capinfo

Market Cap: €550.6m

Provides information technology (IT) services in the People’s Republic of China.

Truecaller

Market Cap: €4.0b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

River Tech

Market Cap: €28.8m

A technology company, provides software solutions.

SNP Schneider-Neureither & Partner

Market Cap: €600.6m

Provides software and consulting services for SAP transformations and data management.

Commerce.com

Market Cap: €221.1m

Provides artificial intelligence-driven commerce ecosystem in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

TechMatrix

Market Cap: €71.7b

Engages in the information infrastructure and application service business in Japan.

adesso

Market Cap: €342.1m

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

Redelfi

Market Cap: €124.0m

Operates as an ESG management company worldwide.

NEC

Market Cap: €5.3t

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

Atlassian

Market Cap: €23.2b

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

Chanjet Information Technology

Market Cap: €1.4b

Engages in the cloud service and software businesses in the Mainland China and internationally.

Unity Software

Market Cap: €11.6b

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.