Swedish Software Potentially Undervalued Companies

Sleep Cycle

Market Cap: SEK 679.3m

Engages in providing sleep tracking applications in Sweden.

Avensia

Market Cap: SEK 360.1m

Provides e-commerce solutions in Sweden.

Micro Systemation

Market Cap: SEK 923.4m

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

TietoEVRY Oyj

Market Cap: SEK 1.9b

Operates as a software and services company.

CombinedX

Market Cap: SEK 665.2m

Provides technology solutions to companies and organizations.

CodeMill

Market Cap: SEK 225.4m

Provides media workflow applications in Sweden and internationally.

Proact IT Group

Market Cap: SEK 3.2b

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

Prevas

Market Cap: SEK 1.3b

Provides technical consultancy services in Sweden and internationally.

B3 Consulting Group

Market Cap: SEK 546.7m

A consultancy company provides IT and management consultancy services in Sweden.

Sinch

Market Cap: SEK 18.8b

Provides cloud communications services and solutions for enterprises and mobile operators.

Compodium International

Market Cap: SEK 49.8m

A technology company, provides secure digital communication services in Sweden.

DevPort

Market Cap: SEK 222.7m

Engages in the product development, production development and supply chain management, and digital solutions businesses in Sweden.

Precise Biometrics

Market Cap: SEK 66.9m

Offers identification software for the secure authentication of people’s identity in Sweden, Taiwan, Denmark, Finland, Norway, and internationally.

IAR Systems Group

Market Cap: SEK 1.4b

Engages in the provision of programming processors in embedded systems and embedded security solutions in Sweden.

Kentima Holding

Market Cap: SEK 58.9m

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

TalkPool

Market Cap: SEK 55.6m

Provides network design, engineering, implementation, and managed services to telecommunications operators, system vendors, and prime contractors in Europe, America, and the Middle East.

Flowscape Technology

Market Cap: SEK 61.7m

Offers workspace solutions primarily in Sweden.

Done.ai Group

Market Cap: SEK 702.7m

24SevenOffice Group AB (publ) provides cloud-based AI–accounting/enterprise resource planning platform to automate business administration and allow for data driven decision making for small, medium, and large companies in Norway, Sweden, rest of Europe, Canada, and internationally.

Cint Group

Market Cap: SEK 2.6b

Provides software solutions for digital insights and research technology worldwide.

Novotek

Market Cap: SEK 809.8m

Novotek AB delivers solutions in the industrial IT and automation areas in Sweden, Norway, Denmark, Finland, Benelux countries, the United Kingdom, Ireland, and Switzerland.

Comintelli

Market Cap: SEK 41.4m

A software company, provides software as a service solution for external monitoring and analysis.

Teneo AI

Market Cap: SEK 384.7m

An AI platform, provides Al-powered and automated conversations solutions in Europe, the United States, and internationally.

Mediacle Group

Market Cap: SEK 128.6m

Engages in the software, game development, design and development, digital marketing, and lead generation businesses in Sweden.

Thinc Collective

Market Cap: SEK 29.9m

Offers systems, communication, and structure services in Sweden and internationally.

Curira

Market Cap: SEK 60.3m

Curira AB provides digitalization services.

Time People Group

Market Cap: SEK 38.0m

Provides consulting services in IT and change management in Sweden.

Addnode Group

Market Cap: SEK 11.5b

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.

Valuno Group

Market Cap: SEK 355.5m

Operates as a fintech company in Sweden.

CAG Group

Market Cap: SEK 777.7m

Operates as an IT consulting company in Sweden.

Litium

Market Cap: SEK 142.6m

Provides solutions for digital commerce through the litium commerce cloud platform in Sweden.

Exsitec Holding

Market Cap: SEK 1.6b

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

Checkin.Com Group

Market Cap: SEK 272.6m

Develops software as a service-software that gather technologies, which allow its consumers to connect with brands and services online in Sweden and internationally.

Upsales Technology

Market Cap: SEK 550.6m

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.

Aixia Group

Market Cap: SEK 157.3m

An information technology (IT) company, engages in the construction and development of IT solutions.

Clavister Holding AB (publ.)

Market Cap: SEK 1.2b

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.