U.S. Software Potentially Undervalued Companies

EPAM Systems

Market Cap: US$5.1b

Provides digital platform engineering and software development services worldwide.

NTG Clarity Networks

Market Cap: US$35.5m

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

OneSpan

Market Cap: US$524.6m

Provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

Asana

Market Cap: US$1.8b

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

GoDaddy

Market Cap: US$11.2b

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

Endava

Market Cap: US$147.4m

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

FatPipe

Market Cap: US$86.0m

Develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally.

Alarm.com Holdings

Market Cap: US$2.2b

Operates a platform for connected properties in North America and internationally.

Commerce.com

Market Cap: US$232.7m

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

Teradata

Market Cap: US$3.2b

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

PagerDuty

Market Cap: US$713.4m

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

NCR Voyix

Market Cap: US$952.2m

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

Adobe

Market Cap: US$101.6b

Operates as a technology company worldwide.

Wix.com

Market Cap: US$2.2b

Operates a cloud-based web development platform for registered users and creators in the United States, Europe, Israel, and internationally.

Rackspace Technology

Market Cap: US$1.2b

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

Alithya Group

Market Cap: US$118.3m

Provides information technology services and solutions through digital technologies in Canada, the United States, and internationally.

Capgemini

Market Cap: US$17.4b

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.

Tenable Holdings

Market Cap: US$3.1b

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

PAR Technology

Market Cap: US$555.2m

Provides omnichannel cloud-based software and hardware solutions for the restaurant and retail industries worldwide.

Lightspeed Commerce

Market Cap: US$1.8b

Engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses.

SPS Commerce

Market Cap: US$2.0b

Provides cloud-based supply chain management solutions in the United States.

Sprout Social

Market Cap: US$434.6m

Designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Pegasystems

Market Cap: US$5.8b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

Yext

Market Cap: US$390.0m

Operates a platform that offers answers to consumer questions in North America and internationally.

Life360

Market Cap: US$5.3b

Operates a technology platform to locate people, pets, and things in North America, Europe, the Middle East, Africa, and internationally.

Kingdee International Software Group

Market Cap: US$26.5b

An investment holding company, engages in the subscription and sale of software worldwide.

Everforth

Market Cap: US$825.3m

Provides information technology solutions for commercial and government sectors in the United States, Canada, and Europe.

Research Solutions

Market Cap: US$72.9m

Through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally.

Dolby Laboratories

Market Cap: US$5.1b

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

Open Text

Market Cap: US$5.6b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

Klaviyo

Market Cap: US$4.7b

Provides a cloud-based software-as-a-service platform in the United States, rest of the Americas, the Asia-Pacific, the United Kingdom, rest of Europe, the Middle East, and Africa.

SAP

Market Cap: US$184.7b

Provides enterprise application and business solutions worldwide.

NICE

Market Cap: US$15.9b

Provides AI-powered cloud platforms for customer engagement, and financial crime and compliance in the United States, Europe, the Middle East, Africa, and the Asia Pacific.

Zoomd Technologies

Market Cap: US$41.3m

Operates as a marketing technology user-acquisition and engagement platform worldwide.

N-able

Market Cap: US$712.1m

Provides unified endpoint management, security operations, and data protection solutions worldwide.

Life360

Market Cap: US$5.3b

Operates a technology platform to locate people, pets, and things in North America, Europe, the Middle East, Africa, and internationally.