Swedish Software Potentially Undervalued Companies

CombinedX

Market Cap: SEK 644.7m

Operates as an IT consulting company in Sweden and internationally.

Knowit

Market Cap: SEK 2.6b

Operates as a consultancy company in Sweden and internationally.

Enea

Market Cap: SEK 1.2b

Provides software products for telecom and cybersecurity industries worldwide.

Vitec Software Group

Market Cap: SEK 10.2b

Develops and delivers vertical software solutions in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally.

Addnode Group

Market Cap: SEK 5.8b

Offers software and services for the design, construction, product data information, project collaboration, and facility management in Sweden, Nordic countries, the United States, the United Kingdom, Germany, and internationally.

InfraCom Group

Market Cap: SEK 590.4m

Provides IT security, office IT, telephony, and server as a service solutions in Sweden.

CAG Group

Market Cap: SEK 684.3m

Operates as an IT consulting company in Sweden.

White Pearl Technology Group

Market Cap: SEK 415.8m

Engages in selling various technology solutions and products in Sweden, Africa, the Middle East, Asia, and Latin America.

Dlaboratory Sweden

Market Cap: SEK 51.9m

A SaaS company, provides inspection services for the energy sector in Sweden.

Avensia

Market Cap: SEK 226.5m

Provides e-commerce, omnichannel, customer experience, and information management solutions in Sweden, Norway, the United States, the United Kingdom, Switzerland, France, and internationally.

Kentima Holding

Market Cap: SEK 79.3m

Develops, manufactures, and sells software and hardware products for the automation and security sectors in Sweden.

Exsitec Holding

Market Cap: SEK 1.5b

Provides digital solutions to medium-sized companies in Sweden, Norway, Denmark, and Finland.

Generic Sweden

Market Cap: SEK 494.1m

A technology company, provides messaging services for all applications.

Micro Systemation

Market Cap: SEK 1.7b

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

4C Group

Market Cap: SEK 289.0m

Provides software solutions and expert services for organizational resilience, training, and crisis management worldwide.

Flowscape Technology

Market Cap: SEK 68.2m

Offers workspace solutions primarily in Sweden.

Done.ai Group

Market Cap: SEK 684.8m

Provides business systems and financial services platform to small, medium, and large companies through cloud-based services and software as a service.

Oneflow

Market Cap: SEK 486.3m

A software company, develops, sells, and implements digital contract management and automation systems in Sweden, Norway and Finland, United Kingdom, France and the Netherlands, and internationally.

Proact IT Group

Market Cap: SEK 3.2b

Provides data and information management services with cloud services and data center solutions in Sweden, the United Kingdom, the Netherlands, Germany, and internationally.

Prevas

Market Cap: SEK 877.5m

Provides technical solutions in Sweden, Denmark, Finland, and internationally.

Curira

Market Cap: SEK 60.3m

Curira AB provides digitalization services.

Loyal Solutions

Market Cap: SEK 71.8m

Engages in the development, implementation, and operation of SaaS loyalty solutions based on payment/card-linked technology worldwide.

Binero Group

Market Cap: SEK 226.2m

Develops and delivers cloud and platform services in Sweden, Norway, Denmark, and Finland.

Octave Intelligence

Market Cap: SEK 4.9b

Provides various software solutions.

Skolon

Market Cap: SEK 605.2m

A Software as a Service (SaaS) company, develops a digital platform for schools.

Tieto Oyj

Market Cap: SEK 2.2b

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

Upsales Technology

Market Cap: SEK 471.5m

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.

Clavister Holding AB (publ.)

Market Cap: SEK 1.7b

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

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.

SmartCraft Group

Market Cap: SEK 2.2b

Provides software solutions to the construction industry in Norway, Sweden, Finland, and the United Kingdom.

Teneo AI

Market Cap: SEK 34.6m

Provides Al-powered and automated d voice phone calls conversations solutions through its Teneo platform in Europe, the United States, and internationally.

Arribatec Group

Market Cap: NOK 406.9m

A software and consulting company, provides digital business solutions in Norway, Europe, the Americas, and internationally.

Lime Technologies

Market Cap: SEK 3.3b

Lime Technologies AB (publ) software as a service (SaaS) based customer relationship management (CRM) solutions in the Nordic region.