U.S. Software Potentially Undervalued Companies

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.

Amplitude

Market Cap: US$1.3b

Provides a digital analytics platform that analyzes customer behavior in the United States and internationally.

Cognyte Software

Market Cap: US$615.1m

A software-led technology company, focuses on solutions for data processing and analytics worldwide.

NICE

Market Cap: US$25.8b

Provides AI-powered cloud platforms for customer engagement, and financial crime and compliance worldwide.

Clear Secure

Market Cap: US$4.8b

Operates a secure identity platform under the CLEAR brand name primarily in the United States.

Freshworks

Market Cap: US$3.2b

A software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, Asia Pacific, and internationally.

q.beyond

Market Cap: US$99.7m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Truecaller

Market Cap: US$9.1b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Atos

Market Cap: US$864.2m

Provides digital transformation solutions and services in France and internationally.

Docebo

Market Cap: US$945.3m

Develops and provides a learning management platform for training in North America and internationally.

Nvni Group

Market Cap: US$30.2m

Through its subsidiaries, operates in business-to-business software as a service (SaaS) market in Brazil and Latin America.

Tiny

Market Cap: US$238.0m

A venture capital and private equity firm specializing in buyouts.

Akamai Technologies

Market Cap: US$12.0b

Engages in the provision of security, delivery, and cloud computing solutions in the United States and internationally.

Cognizant Technology Solutions

Market Cap: US$35.3b

A professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally.

CI&T

Market Cap: US$591.0m

Provides strategy, design, and software engineering services worldwide.

Topicus.com

Market Cap: US$10.7b

Provides vertical market software and vertical market platforms in the Netherlands and internationally.

TeamViewer

Market Cap: US$915.9m

Provides remote connectivity solutions worldwide.

Dye & Durham

Market Cap: US$333.2m

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.

Urgent.ly

Market Cap: US$3.4m

Operates mobility assistance software platform that matches vehicle owners and operators with service professionals for roadside assistance, proactive maintenance, and repair services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Unisys

Market Cap: US$194.0m

Operates as an information technology solutions company in the United States, the United Kingdom, and internationally.

BILL Holdings

Market Cap: US$4.6b

Provides financial operations platform for small and midsize businesses worldwide.

VeriSign

Market Cap: US$22.4b

Provides internet infrastructure and domain name registry services that enables internet navigation for various recognized domain names worldwide.

Telos

Market Cap: US$463.8m

Provides cyber, cloud, and enterprise security solutions in the United States and internationally.

Silvaco Group

Market Cap: US$150.7m

Provides technology computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP) solutions in the United States and internationally.

Allgeier

Market Cap: US$200.8m

Provides information technology (IT) solutions and software services in Germany.

F-Secure Oyj

Market Cap: US$288.9m

Operates as a cybersecurity company in Finland and internationally.

NEOJAPAN

Market Cap: US$28.7b

Engages in development and sale of packaged software in Japan and internationally.

White Pearl Technology Group

Market Cap: US$676.7m

Engages in selling various technology solutions and products in Sweden, Africa, the Middle East, Asia, and Latin America.

Asseco Poland

Market Cap: US$13.2b

Produces and sells software products worldwide.

FDM Group (Holdings)

Market Cap: US$135.6m

Provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, rest of Europe, and the Asia Pacific.

Bytes Technology Group

Market Cap: US$844.5m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Atea

Market Cap: US$16.6b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Corero Network Security

Market Cap: US$49.9m

Provides distributed denial of service (DDoS) protection solutions worldwide.

NameSilo Technologies

Market Cap: US$90.9m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Appen

Market Cap: US$181.9m

Operates as an AI lifecycle company that provides data sourcing, data annotation, and model evaluation solutions in Australia, the United States, and internationally.

SAP

Market Cap: US$251.1b

Provides enterprise application and business solutions worldwide.