U.S. Software Potentially Undervalued Companies

Soluna Holdings

Market Cap: US$25.8m

Engages in the mining of cryptocurrency through data centres.

Strategy

Market Cap: US$99.7b

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

TOTVS

Market Cap: US$26.6b

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

CXApp

Market Cap: US$18.3m

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

SAP

Market Cap: US$265.0b

Provides enterprise application and business solutions worldwide.

Twilio

Market Cap: US$16.6b

Offers customer engagement platform solutions in the United States and internationally.

Klaviyo

Market Cap: US$10.1b

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.

BIO-key International

Market Cap: US$5.5m

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.

Computer Modelling Group

Market Cap: US$540.3m

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

CCC Intelligent Solutions Holdings

Market Cap: US$6.3b

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$7.1b

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.

freee K.K

Market Cap: US$223.6b

Engages in the provision of cloud-based accounting and HR software solutions in Japan.

Research Solutions

Market Cap: US$127.6m

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.

PCA

Market Cap: US$44.6b

Develops and sells computer software in Japan.

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.

GB Group

Market Cap: US$562.6m

Provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally.

Crexendo

Market Cap: US$205.8m

Provides cloud communication platform software and unified communications as a service in the United States and internationally.

N-able

Market Cap: US$1.6b

Provides cloud-based security, data protection, and unified endpoint management software solutions for managed service providers in the United States, the United Kingdom, and internationally.

Cerence

Market Cap: US$505.1m

Provides AI powered virtual assistants for the mobility/transportation market in the United States, rest of the Americas, Germany, rest of Europe, the Middle East, Africa, Japan, and rest of the Asia-Pacific.

Bravura Solutions

Market Cap: US$1.1b

Provides software solutions for the wealth management and transfer agency industries in Australia, the United Kingdom, New Zealand, and internationally.

LivePerson

Market Cap: US$103.2m

Operates as a digital customer conversation.

Q2 Holdings

Market Cap: US$5.3b

Provides digital solutions to financial institutions, financial technology companies, FinTechs, and alternative finance companies (Alt-FIs) in the United States.

Vertex

Market Cap: US$4.1b

Provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally.

Fukui Computer HoldingsInc

Market Cap: US$63.3b

Engages in the development and sale of package CAD products for the construction industry in Japan.

VMware

Market Cap: US$61.5b

VMware, Inc. provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and workspaces in the United States and internationally.

ITFOR

Market Cap: US$40.8b

Provides IT solutions for various industries in Japan.

GMTech

Market Cap: US$948.0k

Through its subsidiary, Anptech Inc., provides information technology consulting services in North America.

Temenos

Market Cap: US$4.5b

Develops, markets, and sells integrated banking software systems to banking and other financial services institutions.

Magic Software Enterprises

Market Cap: US$972.7m

Provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services worldwide.

BitFuFu

Market Cap: US$646.7m

Provides digital asset mining solutions in North America, Asia, Europe, and internationally.

Intermap Technologies

Market Cap: US$195.5m

A geospatial intelligence company, provides various geospatial solutions and analytics in the United States, the Asia Pacific, and Europe.

Oracle

Market Cap: US$842.9b

Offers products and services that address enterprise information technology environments worldwide.

Grid Dynamics Holdings

Market Cap: US$657.9m

Provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally.