Global Software Potentially Undervalued Companies

Tecnotree Oyj

Market Cap: €159.2m

Provides telecommunication IT solutions for charging, billing, customer care, and messaging and content services in Europe, the Americas, the Middle East, Africa, and the Asia Pacific.

DIGITAL HEARTS HOLDINGS

Market Cap: €33.1b

Engages in the debugging, media, and other businesses.

Atos

Market Cap: US$886.5m

Provides digital transformation solutions and services in France and internationally.

GFT Technologies

Market Cap: €434.2m

Provides digital transformation services.

jig.jp

Market Cap: JP¥11.8b

Engages in the planning, development, and provision of mobile software in Japan.

NTG Clarity Networks

Market Cap: US$71.7m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

Mitsubishi Research Institute

Market Cap: JP¥81.6b

Provides research, consulting, and ICT solution to public and private sectors in Japan.

Sleep Cycle

Market Cap: €557.6m

Engages in providing sleep tracking applications in Sweden.

dotdigital Group

Market Cap: US$198.2m

Engages in the provision of intuitive software as a service (SaaS) and managed services to digital marketing professionals worldwide.

DUG Technology

Market Cap: AU$293.6m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

AInnovation Technology Group

Market Cap: HK$4.1b

Engages in the research, development, and sale of artificial intelligence based software and hardware technology solutions in China.

Newland Digital TechnologyLtd

Market Cap: CN¥27.6b

Provides bar code, financial POS terminal equipment, mobile and other communications, and IoT services in China and internationally.

Pansoft

Market Cap: CN¥4.8b

Provides management information solutions and IT integrated services for large enterprises in China.

Reckon

Market Cap: AU$69.1m

Provides software solutions in Australia, New Zealand, the United States, and internationally.

Internet Thailand

Market Cap: ฿2.4b

Provides ICT infrastructure services in Thailand.

State Grid Information & Communication

Market Cap: CN¥21.0b

State Grid Information & Communication Co., Ltd.

Wavestone

Market Cap: €1.1b

Provides consulting services in France and internationally.

Inspur Digital Enterprise Technology

Market Cap: HK$11.7b

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.

Teradata

Market Cap: €2.0b

Provides a connected hybrid cloud analytics and data platform in the United States and internationally.

Infotel

Market Cap: €285.3m

Designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States.

Almawave

Market Cap: €92.2m

Provides artificial intelligence (AI), natural language processing, and big data solutions in Italy.

CleanSpark

Market Cap: €2.9b

Operates as a bitcoin mining company in the Americas.

Siili Solutions Oyj

Market Cap: €40.5m

Provides information system development services in Finland and internationally.

Smith Micro Software

Market Cap: US$15.0m

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.

Tiny

Market Cap: €197.7m

A venture capital and private equity firm specializing in buyouts.

CENIT

Market Cap: €62.1m

Provides software solutions and associated software consulting and integration services.

Capgemini

Market Cap: €20.6b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Atos

Market Cap: €891.4m

Provides digital transformation solutions and services in France and internationally.

Sword Group

Market Cap: €344.4m

Provides IT and software solutions worldwide.

Enghouse Systems

Market Cap: US$1.2b

Develops enterprise software solutions worldwide.

Mitek Systems

Market Cap: US$467.4m

Provides mobile image capture and digital identity verification solutions worldwide.

Workiva

Market Cap: €4.3b

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

SoundThinking

Market Cap: €159.5m

A public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership.

Open Text

Market Cap: €9.1b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

KPS

Market Cap: €27.9m

Provides business transformation consulting and process optimization services in retail and consumer goods sectors in Germany, Scandinavia, the United Kingdom, Switzerland, Benelux, Spain, and internationally.

Loihde Oyj

Market Cap: €65.4m

Through its subsidiaries, provides digital development and security solutions in Finland.