Global Software Undervalued over 20% based on DCF

Netcompany Group

Market Cap: DKK 11.1b

Provides business critical IT solutions to private and public customers in Denmark, Norway, the United Kingdom, the Netherlands, Greece, Belgium, Luxembourg, and internationally.

YGSOFT

Market Cap: CN¥12.1b

Provides enterprise management, energy interconnection, and social service information technology products and services to the energy and power industry in China.

Truecaller

Market Cap: SEK 16.2b

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

Lightspeed Commerce

Market Cap: CA$2.2b

Engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses in the United States, Canada, the United Kingdom, Australia, and internationally.

freee K.K

Market Cap: JP¥236.3b

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

Shenzhen Tianyuan DIC Information Technology

Market Cap: CN¥11.1b

Shenzhen Tianyuan DIC Information Technology Co., Ltd.

Atea

Market Cap: NOK 15.8b

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

Amplitude

Market Cap: US$1.5b

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

Inspur Digital Enterprise Technology

Market Cap: HK$12.0b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

PagerDuty

Market Cap: US$1.4b

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

N-able

Market Cap: US$1.4b

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.

Client Service International

Market Cap: CN¥9.0b

Provides financial software and information technology services in China.

A10 Networks

Market Cap: US$1.3b

Provides security and infrastructure solutions in the United States, rest of the Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa.

Neurones

Market Cap: €1.0b

An information technology (IT) services company, provides infrastructure, application, and consulting services in France and internationally.

Bytes Technology Group

Market Cap: UK£881.0m

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

Rapid7

Market Cap: US$1.2b

Provides cybersecurity software and services under the Rapid7, Nexpose, and Metasploit brand names.

Sichuan Jiuyuan Yinhai Software.Co.Ltd

Market Cap: CN¥8.2b

Provides medical insurance, digital government affairs, and smart cities services for government departments and industry ecosystem entities in China.

Lectra

Market Cap: €931.1m

Provides industrial intelligence solutions for fashion, automotive, furniture markets, and other industries in Europe, the Americas, the Asia Pacific, and internationally.

Mensch und Maschine Software

Market Cap: €852.5m

Provides computer aided design, manufacturing, and engineering, product data management, and building information modeling/management solutions in Germany, Austria, Switzerland, the United Kingdom, Italy, France, Hungary, and internationally.

Global Infotech

Market Cap: CN¥7.1b

Provides financial information software products and integrated services in China.

LINK Mobility Group Holding

Market Cap: NOK 10.0b

Provides mobile and communication-platform-as-a-service solutions.

Yext

Market Cap: US$959.6m

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

Enghouse Systems

Market Cap: CA$1.2b

Develops enterprise software solutions worldwide.

Cancom

Market Cap: €737.5m

Provides information technology services in Germany and internationally.

ChinaEtek Service & Technology

Market Cap: CN¥5.9b

Provides information technology (IT) infrastructure services in China, Hong Kong, Macau, Taiwan, and internationally.

Nagarro

Market Cap: €687.5m

Provides digital product engineering and technology solutions in Germany, the United States of America, and internationally.

GB Group

Market Cap: UK£549.3m

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

Blend Labs

Market Cap: US$708.0m

Provides a cloud-based software platform for financial services firms in the United States.

Pansoft

Market Cap: CN¥5.1b

Provides management information solutions and IT integrated services for large enterprises in China.

Cafe24

Market Cap: ₩929.7b

Operates an e-commerce platform worldwide.

Grid Dynamics Holdings

Market Cap: US$650.3m

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

Plus Alpha ConsultingLtd

Market Cap: JP¥96.2b

Provides marketing solutions.

Weave Communications

Market Cap: US$583.2m

Provides a customer experience and payments software platform for small and medium-sized healthcare businesses in the United States and Canada.

adesso

Market Cap: €496.6m

Provides IT services in Germany, Austria, Switzerland, and internationally.

Pexip Holding

Market Cap: NOK 5.9b

A video technology company, provides end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

JBCC Holdings

Market Cap: JP¥84.5b

Through its subsidiaries, engages in the provision of information technology related services in Japan.