Global Software Potentially Undervalued Companies

TeamViewer

Market Cap: CHF 1.1b

Provides remote connectivity solutions worldwide.

Qt Group Oyj

Market Cap: €865.3m

Offers cross-platform solutions for the software development lifecycle in Finland, rest of Europe, the Asia Pacific, and North America.

Tiny

Market Cap: US$174.7m

A venture capital and private equity firm specializing in buyouts.

Castellum

Market Cap: US$58.4m

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

Reply

Market Cap: €4.4b

Provides consulting, system integration, and digital services based on communication channels and digital media in Italy and internationally.

JustSystems

Market Cap: €255.0b

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

All for One Group

Market Cap: €314.9m

Engages in the SAP transformations and cloud business in Germany, Austria, Switzerland, Poland, Luxembourg, and internationally.

Salesforce

Market Cap: US$160.6b

Provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific.

Mercuries Data Systems

Market Cap: NT$4.3b

Engages in the sales, leasing, and maintenance of financial automation service machines in Taiwan.

NCS&A

Market Cap: JP¥20.5b

Provides various IT services in Japan.

BIPROGY

Market Cap: JP¥432.2b

Provides cloud computing and outsourcing services in Japan.

Adobe

Market Cap: CL$108.3b

Operates as a technology company worldwide.

NSW

Market Cap: JP¥40.2b

Operates as an enterprise, services, embedded, and device solutions provider in Japan.

Glintt Global

Market Cap: €101.7m

Provides supporting solutions and services in life-centered industries that enable digital transformation Portugal and Spain.

Nippon Information Development

Market Cap: JP¥27.8b

Offers information technology solutions in Japan and internationally.

KineMaster

Market Cap: ₩25.9b

Engages in the development of multimedia software for mobile devices in South Korea.

Tyler Technologies

Market Cap: US$13.6b

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

Redelfi

Market Cap: €119.6m

Operates as an ESG management company in Italy, the United States, and Switzerland.

Progress Software

Market Cap: Mex$1.8b

Provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally.

First Point

Market Cap: €5.5m

Designs, develops, and manages IT and telecommunications solutions in Italy.

Hammock

Market Cap: JP¥6.5b

Develops and sales corporate software.

Vertex

Market Cap: US$2.2b

Provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally.

Progress Technologies Group

Market Cap: JP¥7.0b

Provides solutions and services for the manufacturing industry in Japan.

Techno Mathematical

Market Cap: JP¥809.0m

Develops software and hardware IPs in Japan, Asia, North America, and Europe.

Salesforce

Market Cap: Mex$168.8b

Provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific.

Systems Design

Market Cap: JP¥4.9b

Operates as an information service company.

HOUSEI

Market Cap: JP¥2.4b

Engages in the information systems business in Japan and internationally.

OPRO

Market Cap: JP¥3.7b

Provides data optimization and sales management solutions in Japan.

D. I. System

Market Cap: JP¥2.7b

Engages in the system integration, and educational services and security solutions businesses in Japan.

Atos Group

Market Cap: US$566.0m

Provides digital transformation solutions and services in France and internationally.

Adobe

Market Cap: R$108.3b

Operates as a technology company worldwide.

BILL Holdings

Market Cap: R$4.8b

Provides financial operations platform for small and midsize businesses worldwide.

Eastone Century TechnologyLtd

Market Cap: CN¥3.7b

Provides communication network technology services and system solutions to telecom operators and equipment manufacturers in China.

Salesforce

Market Cap: US$168.8b

Provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific.

JustSystems

Market Cap: JP¥255.0b

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

HDC Labs

Market Cap: ₩176.7b

Engages in the design, manufacture, installation, and maintenance of systems for building control, industrial process control, and information processing in South Korea, Southeast Asia, and the Middle East.