U.S. Software Potentially Undervalued Companies

ACI Worldwide

Market Cap: US$4.9b

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

Hackett Group

Market Cap: US$685.0m

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

EPAM Systems

Market Cap: US$10.0b

Provides digital platform engineering and software development services worldwide.

Smith Micro Software

Market Cap: US$17.2m

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.

Adobe

Market Cap: US$163.4b

Operates as a technology company worldwide.

Computer Modelling Group

Market Cap: US$660.3m

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

Verint Systems

Market Cap: US$1.1b

Provides customer engagement solutions worldwide.

Alithya Group

Market Cap: US$179.7m

Provides strategy and digital technology services in Canada, the United States, and Europe.

Adeia

Market Cap: US$1.4b

Operates as a media and semiconductor intellectual property licensing company in the United States, Asia, Canada, Europe, the Middle East, and internationally.

Nagarro

Market Cap: US$859.9m

Provides digital product engineering and technology solutions in North America, Central Europe, rest of Europe, and internationally.

Semrush Holdings

Market Cap: US$1.5b

Develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally.

A10 Networks

Market Cap: US$1.2b

Provides security and infrastructure solutions in the United States, rest of the Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa.

Opera

Market Cap: US$1.5b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Ooma

Market Cap: US$356.4m

Provides communications services and related technologies for businesses and consumers in the United States and Canada.

CI&T

Market Cap: US$824.0m

Engages in the provision of strategy, design, and software engineering services worldwide.

Dye & Durham

Market Cap: US$627.9m

Provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom.

Capgemini

Market Cap: US$25.4b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

CS Disco

Market Cap: US$242.6m

Provides cloud-native and artificial intelligence-powered legal products for legal hold, legal request, ediscovery, legal document review, and case management in the United States and internationally.

Sprinklr

Market Cap: US$2.1b

Provides enterprise cloud software products worldwide.

Enghouse Systems

Market Cap: US$1.4b

Develops enterprise software solutions worldwide.

Veritone

Market Cap: US$81.6m

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

Gen Digital

Market Cap: US$17.8b

Engages in the provision of cyber safety solutions for consumers.

LiveRamp Holdings

Market Cap: US$1.9b

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

Dropbox

Market Cap: US$8.3b

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

NTG Clarity Networks

Market Cap: US$88.0m

Engages in the provision of network, telecom, IT, and infrastructure solutions to medium and large network service providers.

DocuSign

Market Cap: US$16.9b

Provides electronic signature solution in the United States and internationally.

Pagaya Technologies

Market Cap: US$1.1b

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

Similarweb

Market Cap: US$633.6m

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

DigitalOcean Holdings

Market Cap: US$2.7b

Through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally.

Jamf Holding

Market Cap: US$1.5b

Provides management and security solutions for Apple platforms in the Americas, Europe, the Middle East, India, Africa, and the Asia Pacific.

Alarm.com Holdings

Market Cap: US$2.8b

Provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally.

Synchronoss Technologies

Market Cap: US$88.0m

Provides white label cloud software and services in North America, Europe, the Middle East, Africa, and the Asia Pacific.

Clearwater Analytics Holdings

Market Cap: US$6.4b

Develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.

PagerDuty

Market Cap: US$1.4b

Engages in the operation of a digital operations management platform in the United States and internationally.

NCR Voyix

Market Cap: US$1.5b

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

Kaltura

Market Cap: US$331.8m

Provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally.