Global Software Potentially Undervalued Companies

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.

Agilysys

Market Cap: €3.1b

Operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India.

Vertex

Market Cap: €2.0b

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

Domo

Market Cap: €172.0m

Operates a cloud-based modern AI and data products platform in North America, Western Europe, Australia, Japan, and India.

DTS

Market Cap: €171.2b

Provides systems integration services in Japan.

Veritone

Market Cap: US$109.0m

Engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India.

Verimatrix

Market Cap: €31.0m

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

RingCentral

Market Cap: US$5.4b

An agentic voice AI–powered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging.

Lumine Group

Market Cap: US$6.1b

Develops, installs, and customizes software, and related professional and support services worldwide.

Gofore Oyj

Market Cap: €177.0m

Provides digital transformation consultancy services for private and public sectors in Finland and internationally.

Netum Group Oyj

Market Cap: €12.8m

Operates as an IT services company in Finland.

RM

Market Cap: UK£98.4m

Supplies products, services, and solutions to educational markets in the United Kingdom, Europe, North America, Asia, the Middle East, and internationally.

SPS Commerce

Market Cap: US$2.7b

Provides cloud-based supply chain management solutions in the United States.

Clavister Holding AB (publ.)

Market Cap: SEK 1.8b

Develops, produces, and sells cybersecurity solutions in Sweden, rest of Europe, Asia, and internationally.

Cirata

Market Cap: UK£21.2m

Engages in the development and provision of collaboration software in North America, the United Kingdom, and internationally.

SAP

Market Cap: AR$210.8b

Provides enterprise application and business solutions worldwide.

Substrate Artificial Inteligence

Market Cap: €11.2m

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

Tieto Oyj

Market Cap: SEK 2.2b

Operates as a software and digital engineering company in Norway, Sweden, Finland, and internationally.

Autodesk

Market Cap: €51.0b

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

Upsales Technology

Market Cap: SEK 490.0m

Operates as a software-as-a-service company that develops and sells web-based business systems with a focus on sales, marketing, and analysis in Sweden and internationally.

Tecsys

Market Cap: US$447.5m

Engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally.

Neurones

Market Cap: €904.5m

Provides infrastructure, application, and consulting services in France and internationally.

iOCO

Market Cap: R2.6b

Provides information and communications technology services in Africa, the United Kingdom, Europe, and the Middle East.

Pointerra

Market Cap: US$26.3m

Provides a cloud-based solution for storing, processing, managing, analyzing, extracting, visualizing, and sharing 3D data in Australia and the United States.

SHS VIVEON

Market Cap: €7.5m

SHS Viveon AG provides consultancy and software solutions for the management of credit risks in Europe.

Umanis

Market Cap: €309.3m

Umanis SA operates as a digital service company in France.

Varanium Cloud

Market Cap: ₹2.7b

Operates as a technology company, provides services surrounding digital audio, video, and financial blockchain-based streaming services.

Comture

Market Cap: US$67.8b

Provides cloud, digital, business, platform and operation, and digital learning solutions in Japan.

Provide IT Sweden

Market Cap: SEK 14.8m

Provide IT Sweden AB (publ), a digital production agency, develops Web and mobile applications in collaboration with advertising agencies.

Sygnity

Market Cap: zł1.6b

Manufactures and sells IT products and services in Poland and internationally.

Asseco Poland

Market Cap: zł12.0b

Produces and sells software products worldwide.

Bechtle

Market Cap: US$4.0b

Provides information technology (IT) services in Germany, France, Benelux, and Europe.

Vista Group International

Market Cap: US$445.1m

Provides software and technology solutions to the film industry sectors in New Zealand and internationally.

Bechtle

Market Cap: €4.2b

Provides information technology (IT) services in Germany, France, Benelux, and Europe.

adesso

Market Cap: €357.5m

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

cBrain

Market Cap: DKK 1.0b

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