U.S. Software Potentially Undervalued Companies

PTC

Market Cap: US$22.8b

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

ACI Worldwide

Market Cap: US$5.0b

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

Gen Digital

Market Cap: US$15.9b

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

PagerDuty

Market Cap: US$1.4b

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

Alarm.com Holdings

Market Cap: US$2.4b

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

NCR Voyix

Market Cap: US$1.6b

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

Clearwater Analytics Holdings

Market Cap: US$5.1b

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.

Nagarro

Market Cap: US$559.6m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

Tenable Holdings

Market Cap: US$3.3b

Provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Dolby Laboratories

Market Cap: US$6.3b

Engages in the design and manufacture of audio, imaging, accessibility, and other hardware and software solutions primarily for application in the television, broadcast, and live entertainment industries in the United States and internationally.

Blackbaud

Market Cap: US$2.8b

Engages in the provision of cloud software and services in the United States and internationally.

Roper Technologies

Market Cap: US$48.0b

Designs and develops vertical software and technology enabled products in the United States, Canada, Europe, Asia, and internationally.

A10 Networks

Market Cap: US$1.3b

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.

Semrush Holdings

Market Cap: US$1.1b

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

Inuvo

Market Cap: US$43.5m

An advertising technology and services company, develops and commercializes large language generative artificial intelligence that discovers and targets digital audiences in the United States.

Opera

Market Cap: US$1.3b

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

Dynatrace

Market Cap: US$14.3b

Engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Rimini Street

Market Cap: US$373.4m

Provides enterprise software products, services, and support.

Ooma

Market Cap: US$331.0m

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

CGI

Market Cap: US$27.9b

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.

Exodus Movement

Market Cap: US$675.6m

Operates as a financial technology for blockchain and digital asset industry in the United States.

WidePoint

Market Cap: US$67.8m

Provides technology management as a service (TMaaS) to the government and business enterprises in the United States and Europe.

RingCentral

Market Cap: US$2.4b

Provides cloud business communications, contact center, video, and hybrid event solutions in North America and internationally.

Weave Communications

Market Cap: US$527.2m

Provides a customer experience and payments software platform for small and medium-sized healthcare businesses.

Amdocs

Market Cap: US$9.2b

Through its subsidiaries, provides software and services to communications, entertainment, and media service providers worldwide.

Upland Software

Market Cap: US$55.2m

Provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally.

Capgemini

Market Cap: US$21.2b

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.

Dropbox

Market Cap: US$7.9b

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

Similarweb

Market Cap: US$733.3m

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

SoundThinking

Market Cap: US$109.5m

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

NTG Clarity Networks

Market Cap: US$80.5m

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

Hackett Group

Market Cap: US$521.1m

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

Enghouse Systems

Market Cap: US$1.1b

Develops enterprise software solutions worldwide.

Smith Micro Software

Market Cap: US$14.3m

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.

EPAM Systems

Market Cap: US$9.0b

Provides digital platform engineering and software development services worldwide.

Pagaya Technologies

Market Cap: US$2.0b

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.