Global Software Potentially Undervalued Companies

Phancy Group

Market Cap: HK$15.6b

An investment holding company, engages in operations of artificial intelligence (AI) platform in the People's Republic of China.

Micro Systemation

Market Cap: SEK 1.7b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

Unity Software

Market Cap: €20.0b

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.

NCR Voyix

Market Cap: €1.1b

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

Nemetschek

Market Cap: €7.2b

Provides software solutions for architecture, engineering, construction, operation, and media industries in Germany, the rest of Europe, the Americas, the Asia Pacific, and internationally.

DocuSign

Market Cap: US$11.4b

Provides electronic signature solution in the United States and internationally.

Verimatrix

Market Cap: €31.0m

Provides security solutions that protect digital content, applications, and devices in France and internationally.

Tracsis

Market Cap: UK£96.0m

Engages in the provision of software, hardware, data analytics and geographic information systems, and services in the United Kingdom, Ireland, rest of Europe, Europe, North America, and internationally.

Zscaler

Market Cap: €29.8b

Operates as a cloud security company worldwide.

Kainos Group

Market Cap: UK£1.4b

Engages in the provision of information technology services in the United Kingdom, Ireland, North Americas, Central Europe, and internationally.

Nemetschek

Market Cap: €7.2b

Provides software solutions for architecture, engineering, construction, operation, and media industries in Germany, the rest of Europe, the Americas, the Asia Pacific, and internationally.

SentinelOne

Market Cap: US$7.5b

Operates as a cybersecurity provider in the United States and internationally.

BIO-key International

Market Cap: US$3.4m

Develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions in the United States and internationally.

YXT.COM Group Holding

Market Cap: US$21.7m

Through its subsidiaries, provides digital corporate learning solution in the People’s Republic of China.

Aplicaciones y Tratamiento de Sistemas

Market Cap: €200.1m

Aplicaciones y Tratamiento de Sistemas, S.A.

CXApp

Market Cap: US$9.7m

Provides experience solutions and delivering enterprise-grade software in the United States, Canada, and the Philippines.

Aurora Innovation

Market Cap: €14.0b

Engages in the self-driving technology business in the United States.

Zeta Global Holdings

Market Cap: €7.2b

Operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software 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.

SysGroup

Market Cap: UK£25.5m

Provides managed information technology services delivering end-to-end solutions at the intersection of cybersecurity and digital transformation in the United Kingdom and internationally.

Bravura Solutions

Market Cap: UK£1.4b

Provides software solutions for the wealth management and transfer agency industries in Australia, the United Kingdom, New Zealand, and internationally.

Bending Spoons

Market Cap: €12.5b

Through its subsidiaries, acquires and transforms digital businesses in the United States, the United Kingdom, Germany, Canada, Japan, Australia, France, Brazil, Italy, and internationally.

Adeia

Market Cap: US$3.3b

Operates as a media and semiconductor intellectual property licensing platform company in the United States, Asia, Canada, Europe, the Middle East, and internationally.

Accenture

Market Cap: €104.0b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Zeta Global Holdings

Market Cap: €7.2b

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

USU Ventures

Market Cap: €91.9m

Provides software and service solutions for information technology (IT) and customer service management solutions.

ServiceNow

Market Cap: CA$121.7b

Provides cloud-based solution for digital workflows in the North America, Brazil, Europe, the Middle East and Africa, Asia Pacific, and internationally.

PRO DV

Market Cap: €2.9m

Operates as an IT consulting company in Germany.

Webstep

Market Cap: €407.6m

Provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden.

TPXimpact Holdings

Market Cap: €68.3m

Provides digital native technology services in the United Kingdom, the United States, Switzerland, and internationally.

WALLIX GROUP

Market Cap: €154.7m

WALLIX GROUP SA publishes and provides cybersecurity software solutions worldwide.

AvePoint

Market Cap: US$2.8b

Provides cloud-native data management software platform in North America, Europe, the Middle East, Africa, and the Asia Pacific.

Kron Teknoloji

Market Cap: ₺2.2b

Provides technology solutions for the operational efficiency and security needs of the corporates in the finance, energy, healthcare, and telecommunications sectors worldwide.

IONOS Group

Market Cap: CHF 4.4b

Provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

DocuSign

Market Cap: Mex$11.4b

Provides electronic signature solution in the United States and internationally.

Pegasystems

Market Cap: US$5.2b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.