U.S. Software Potentially Undervalued Companies

Alarum Technologies

Market Cap: US$365.6m

Provides web data collection solutions in North, South, and Central America, Europe, Southeast Asia, the Middle East, and Africa.

Coveo Solutions

Market Cap: US$582.0m

Provides software-as-a-service artificial intelligence (AI) platform in Canada, the United States, and internationally.

Mega Fortune

Market Cap: US$87.5m

Through its subsidiaries, provides Internet of Things (IoT) solutions and services to various industries.

nCino

Market Cap: US$3.0b

A software-as-a-service company, provides software solutions to financial institutions in the United States, the United Kingdom, and internationally.

ACCESS Newswire

Market Cap: US$35.2m

Provides solutions for public relations and investor relations in the United States and internationally.

ARB IOT Group

Market Cap: US$9.7m

Through its subsidiaries, provides Internet of Things (IoT) system solutions, and system integration and support services in Malaysia.

Pinewood Technologies Group

Market Cap: US$361.9m

Operates as a cloud-based dealer management software provider in the United Kingdom, rest of Europe, Africa, Asia, the Middle East, and internationally.

Okta

Market Cap: US$15.0b

Operates as an identity partner in the United States and internationally.

Pony AI

Market Cap: US$6.1b

Through its subsidiaries, engages in the autonomous mobility business in the People’s Republic of China, the United States, and internationally.

DTS

Market Cap: US$173.3b

Provides systems integration services in Japan.

Money Forward

Market Cap: US$222.0b

Provides financial solutions for individuals, financial institutions, and corporations primarily in Japan.

Research Solutions

Market Cap: US$98.0m

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.

Tecsys

Market Cap: US$517.8m

Engages in the development, marketing, and sale of enterprise-wide supply chain management software and related services in Canada, the United States, Europe, and internationally.

TOTVS

Market Cap: US$26.5b

Develops and sells management software, and productivity and collaboration platforms in Brazil and internationally.

SAP

Market Cap: US$251.1b

Provides enterprise application and business solutions worldwide.

Kingdee International Software Group

Market Cap: US$51.9b

An investment holding company, engages in the enterprise resource planning business.

Oracle Corporation Japan

Market Cap: US$1.8t

Provides software, hardware, and cloud products and solutions in Japan.

CXApp

Market Cap: US$15.0m

Provides experience solutions and delivering enterprise-grade software in the United States, Canada, and the Philippines.

Lightspeed Commerce

Market Cap: US$2.5b

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$3.1b

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

Workiva

Market Cap: US$5.0b

Provides cloud-based reporting solutions in the Americas and internationally.

Yubico

Market Cap: US$8.1b

Provides authentication solutions for use in computers, networks, and online services.

CCC Intelligent Solutions Holdings

Market Cap: US$4.9b

Operates as a software as a service (SaaS) company for the property and casualty insurance economy in the United States and China.

Formula Systems (1985)

Market Cap: US$7.3b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

EMERGE Commerce

Market Cap: US$12.7m

Owns and operates a portfolio of e-commerce marketplaces in Canada and the United States.

Strategy

Market Cap: US$69.5b

Operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally.

BIO-key International

Market Cap: US$6.6m

Develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions for commercial, government, and education sectors in the United States and internationally.

Klaviyo

Market Cap: US$9.2b

A technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Alten

Market Cap: US$2.6b

Operates as an engineering and technology consultancy company in France, North America, Germany, Scandinavia, Benelux, Iberian, Spain, Italy, the United Kingdom, the Asia-Pacific, Switzerland, Eastern Europe, and internationally.

Pointerra

Market Cap: US$31.5m

Provides a cloud-based solution for storing, processing, managing, analyzing, extracting, visualizing, and sharing 3D data in Australia and the United States.

Comture

Market Cap: US$67.8b

Provides cloud, digital, business, platform and operation, and digital learning solutions in Japan.

TDC SOFT

Market Cap: US$62.3b

Provides IT consulting services in Japan.

Northern Data

Market Cap: US$763.9m

Develops and operates high-performance computing (HPC) and artificial intelligence (AI) solutions in Europe and North America.

Manhattan Associates

Market Cap: US$10.7b

Develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations.

Wipro

Market Cap: US$2.5t

Operates as an information technology (IT), consulting, and business process services company worldwide.

Cheetah Mobile

Market Cap: US$220.1m

Provides internet services, artificial intelligence (AI), and other services in the People’s Republic of China, Hong Kong, Japan, and internationally.