U.S. Software Potentially Undervalued Companies

ACI Worldwide

Market Cap: US$5.2b

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

Braze

Market Cap: US$3.4b

Operates a customer engagement platform that provides interactions between consumers and brands worldwide.

Digital Turbine

Market Cap: US$1.4b

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

PTC

Market Cap: US$14.5b

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

Similarweb

Market Cap: US$739.5m

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

Autodesk

Market Cap: US$44.4b

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

Rackspace Technology

Market Cap: US$827.6m

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

Xperi

Market Cap: US$282.4m

Operates as a media and entertainment technology company worldwide.

Computer Modelling Group

Market Cap: US$290.9m

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

Open Text

Market Cap: US$5.5b

Provides data management solutions for enterprise AI in North, Central and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

Zoom Communications

Market Cap: US$28.1b

Provides an Artificial Intelligence-first open work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Cerence

Market Cap: US$373.6m

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.

Cognyte Software

Market Cap: US$606.6m

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

Opera

Market Cap: US$1.6b

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.

CGI

Market Cap: US$19.9b

Provides information technology and business process services in Western and Southern Europe, the United States, Canada, Scandinavia, Northwest and Central-East Europe, the United Kingdom, Australia, Germany, Finland, Poland, Baltics, and the Asia Pacific.

Trimble

Market Cap: US$13.7b

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.

Gen Digital

Market Cap: US$17.8b

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

Hackett Group

Market Cap: US$280.6m

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

Thryv Holdings

Market Cap: US$86.9m

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

Sage Group

Market Cap: US$8.8b

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

SoundThinking

Market Cap: US$78.9m

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

Appian

Market Cap: US$2.5b

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.

ServiceTitan

Market Cap: US$7.9b

Provides an end-to-end cloud-based software platform in the United States, Armenia, and Canada.

Dropbox

Market Cap: US$7.4b

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

SAP

Market Cap: US$209.9b

Provides enterprise application and business solutions worldwide.

Atos Group

Market Cap: US$508.8m

Provides digital transformation solutions and services in France and internationally.

EPAM Systems

Market Cap: US$5.9b

Provides digital platform engineering and software development services worldwide.

Pagaya Technologies

Market Cap: US$1.8b

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.

Zscaler

Market Cap: US$26.4b

Operates as a cloud security company worldwide.

Roadzen

Market Cap: US$109.9m

Operates an Insurtech company in India, the United States, the United Kingdom, and Europe.

Smith Micro Software

Market Cap: US$15.9m

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.

Enghouse Systems

Market Cap: US$856.4m

Develops enterprise software solutions worldwide.

NTG Clarity Networks

Market Cap: US$22.1m

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

Vitec Software Group

Market Cap: US$10.4b

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

NCR Voyix

Market Cap: US$1.2b

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