Global Software Undervalued over 20% based on DCF

Commvault Systems

Market Cap: US$5.5b

Provides cyber resiliency solutions for enterprises to protect, secure, and recover data, applications, and identity system.

Yonyou Network TechnologyLtd

Market Cap: CN¥36.7b

Provides digital software and services to enterprises and public organizations in China and internationally.

IONOS Group

Market Cap: €4.6b

Provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

ACI Worldwide

Market Cap: US$5.2b

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

TISI

Market Cap: JP¥801.9b

Provides information technology (IT) services in Japan and internationally.

Asseco Poland

Market Cap: zł18.5b

Produces and sells software products worldwide.

Varonis Systems

Market Cap: US$4.7b

Provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of worlds.

Box

Market Cap: US$4.6b

Provides a cloud content management platform that enables organizations of various sizes to manage cloud content from anywhere and on any device in Poland, Australia, Canada, the European Union, France, Israel, Japan, Singapore, Switzerland, the United Kingdom, and the United States.

Trend Micro

Market Cap: JP¥710.2b

Develops and sells security-related software for computers and the internet in Japan, the Americas, Europe, and the Asia Pacific.

CCC Intelligent Solutions Holdings

Market Cap: US$4.4b

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

Sopra Steria Group

Market Cap: €3.5b

Provides consulting, digital, and software development services in France and internationally.

BILL Holdings

Market Cap: US$4.1b

Provides financial operations platform for small and midsize businesses worldwide.

Q2 Holdings

Market Cap: US$4.0b

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

Kinaxis

Market Cap: CA$4.9b

Provides cloud-based subscription software-as-a-service for supply chain operations in the United States, Europe, Asia, and Canada.

Braze

Market Cap: US$3.5b

Operates a customer engagement platform that provides interactions between consumers and brands worldwide.

Sinch

Market Cap: SEK 32.5b

Provides cloud communication services and digital customer engagement channels to the enterprise sector.

Agilysys

Market Cap: US$3.2b

Operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India.

Intapp

Market Cap: US$3.2b

Through its subsidiary, Integration Appliance, Inc., provides AI-powered solutions in the United States, the United Kingdom, and internationally.

Alten

Market Cap: €2.6b

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

SPS Commerce

Market Cap: US$2.9b

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

AvePoint

Market Cap: US$2.8b

Provides cloud-native data management software platform in North America, Europe, the Middle East, Africa, and the Asia Pacific.

Alarm.com Holdings

Market Cap: US$2.8b

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

Cellebrite DI

Market Cap: US$2.8b

Develops software and services for legally sanctioned investigations in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Appian

Market Cap: US$2.7b

Operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.

Kyndryl Holdings

Market Cap: US$2.7b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.

Teradata

Market Cap: US$2.6b

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

GMO internet group

Market Cap: JP¥395.4b

Provides various internet services in Japan and internationally.

Rakus

Market Cap: JP¥394.1b

Provides cloud services in Japan.

LiveRamp Holdings

Market Cap: US$2.3b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Netcompany Group

Market Cap: DKK 14.3b

Engages in the provision of IT solutions to private and public customers in Denmark, Norway, the United Kingdom, the Netherlands, Greece, Belgium, Luxembourg, and internationally.

Asana

Market Cap: US$2.2b

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

Alkami Technology

Market Cap: US$2.2b

Provides a cloud-based digital sales and service platform for financial institutions in the United States.

Atea

Market Cap: NOK 19.6b

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

Progress Software

Market Cap: US$1.8b

Provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally.

Northking Information Technology

Market Cap: CN¥11.5b

Northking Information Technology Co., Ltd.

Amplitude

Market Cap: US$1.7b

Provides an AI analytics platform that helps analyze customer behavior within digital products in the United States and internationally.