U.S. Software Potentially Undervalued Companies

ACI Worldwide

Market Cap: US$5.3b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and worldwide.

Similarweb

Market Cap: US$756.3m

Provides digital data and analytics for power critical business decisions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally.

Hackett Group

Market Cap: US$261.5m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

Digital Turbine

Market Cap: US$1.5b

Through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs).

Rackspace Technology

Market Cap: US$897.2m

Operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally.

Xperi

Market Cap: US$315.6m

Operates as a media and entertainment technology company worldwide.

Computer Modelling Group

Market Cap: US$296.4m

A software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services.

Cognyte Software

Market Cap: US$661.1m

A software-driven technology company, focuses on investigative analytics solutions worldwide.

Viant Technology

Market Cap: US$858.2m

Operates a cloud-based demand side platform (DSP) that enables the programmatic purchase of digital advertising across multiple channels, including connected TV (CTV), streaming audio, digital out-of-home, mobile, and desktop.

Cerence

Market Cap: US$383.1m

Provides AI-powered assistants for the mobility/transportation market in the United States, the rest of the Americas, Germany, the rest of Europe, the Middle East, Africa, Japan, and the rest of the Asia-Pacific.

Opera

Market Cap: US$1.7b

Provides mobile and PC web browsers and related products and services in Ireland, Singapore, the United States, and internationally.

Tuya

Market Cap: US$1.1b

Provides artificial intelligence (AI) cloud platform services in the People’s Republic of China.

Trimble

Market Cap: US$13.3b

Offers technology solutions and platform that enable office professionals and field workers to connect workflows and industry lifecycles in North America, Europe, the Asia Pacific, and internationally.

Thryv Holdings

Market Cap: US$87.5m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Dropbox

Market Cap: US$7.4b

Provides a content collaboration platform in the United States and internationally.

Sage Group

Market Cap: US$9.6b

Offers technology solutions and services for small and medium businesses in North America, Europe, the United Kingdom, Ireland, Africa and Asia-Pacific.

NTG Clarity Networks

Market Cap: US$36.5m

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

SAP

Market Cap: US$214.9b

Provides enterprise application and business solutions worldwide.

LiveRamp Holdings

Market Cap: US$2.3b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Smith Micro Software

Market Cap: US$14.9m

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.

Appian

Market Cap: US$2.6b

Operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.

Gen Digital

Market Cap: US$16.5b

Engages in the provision of cyber safety and trust-based solutions for individuals, families, and small businesses.

SoundThinking

Market Cap: US$77.7m

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

Enghouse Systems

Market Cap: US$921.1m

Develops enterprise software solutions worldwide.

PTC

Market Cap: US$15.9b

Operates as software company in the Americas, Europe, and the Asia Pacific.

Pagaya Technologies

Market Cap: US$1.7b

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands.

EPAM Systems

Market Cap: US$5.2b

Provides digital platform engineering and software development services worldwide.

Atos Group

Market Cap: US$566.0m

Provides digital transformation solutions and services in France and internationally.

Vitec Software Group

Market Cap: US$10.0b

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

GoDaddy

Market Cap: US$12.1b

Engages in the design and development of cloud-based products in the United States and internationally.

Asana

Market Cap: US$2.1b

Operates a work management software platform for individuals, team leads, and executives in the United States and internationally.

NCR Voyix

Market Cap: US$1.0b

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

Commerce.com

Market Cap: US$171.5m

Provides artificial intelligence-driven commerce ecosystem in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Endava

Market Cap: US$158.5m

Provides technology services in North America, Europe, the United Kingdom, and internationally.

Trend Micro

Market Cap: US$728.7b

Develops and sells security-related software for computers and the internet in Japan, the Americas, Europe, and the Asia Pacific.

Teradata

Market Cap: US$2.6b

Provides an AI and knowledge platforms in the United States and internationally.