Global Software Low Leverage High Rewards

Sobal

Market Cap: JP¥7.1b

Engages in the development of embedded software for digital appliances in Japan.

Asseco Business Solutions

Market Cap: zł2.8b

Designs and develops enterprise software solutions in Poland and internationally.

PBT Holdings

Market Cap: R651.4m

Provides consulting services to finance, insurance, medical healthcare, retail, telecommunication, and other sectors in South Africa, Europe, Australia, and the United Kingdom.

Bechtle

Market Cap: €3.8b

Provides information technology (IT) services in Germany, France, Benelux, and Europe.

Softcreate Holdings

Market Cap: JP¥42.3b

Through its subsidiaries, provides system integration and other IT-related services in Japan.

Startia HoldingsInc

Market Cap: JP¥26.2b

Engages in the IT business in Japan and internationally.

HDC Labs

Market Cap: ₩172.1b

Engages in the design, manufacture, installation, and maintenance of systems for building control, industrial process control, and information processing in South Korea, Southeast Asia, and the Middle East.

Double Standard

Market Cap: JP¥15.7b

A business support company, generates and provides big data solutions for enterprises in Japan.

Zuken

Market Cap: JP¥94.2b

A software company, provides advanced design solutions for the creation and management of printed circuit board (PCB) designs, electrical and fluid systems, and 3D cabinet and wire harness layouts in Japan.

Avant Group

Market Cap: JP¥37.1b

Through its subsidiaries, provides accounting, business intelligence, and outsourcing services in Japan.

dotdigital Group

Market Cap: UK£128.7m

Engages in the provision of intuitive software as a service (SaaS) and managed services to digital marketing professionals worldwide.

cBrain

Market Cap: DKK 946.6m

A software company, provides software solutions for government, private, education, and non-profit sectors in Denmark, the European Union, and internationally.

Neurones

Market Cap: €837.7m

Provides infrastructure, application, and consulting services in France.

Japan System Techniques

Market Cap: JP¥37.5b

Engages in the software business in Japan and internationally.

Synclayer

Market Cap: JP¥3.1b

Provides system integration services for CATV network in Japan.

Core

Market Cap: JP¥29.2b

Provides information and communication technology services in Japan.

Acmos

Market Cap: JP¥5.2b

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

Just Planning

Market Cap: JP¥5.1b

Provides solutions for the food and beverage industry in Japan.

Cross Cat

Market Cap: JP¥12.8b

Engages in information services and related operations in Japan.

JBCC Holdings

Market Cap: JP¥71.0b

Through its subsidiaries, provides information technology (IT) services in Japan.

Systango Technologies

Market Cap: ₹3.3b

Provides software solutions in India, the United Kingdom, and the United States.

Hexaware Technologies

Market Cap: ₹296.4b

Provides information technology consulting, software development, and business process services worldwide.

G-Able

Market Cap: ฿2.7b

Provides digital solutions, enterprise business, and IT infrastructure solutions in Thailand.

Infotel

Market Cap: €267.4m

Designs, develops, markets, and maintains software solutions in the areas of security, performance, and management in France, rest of Europe, and the United States.

Ares International

Market Cap: NT$2.5b

Engages in the design, sale, lease, maintenance, and technology consultation of computer equipment, internet, and related software in Taiwan, Asia, and internationally.

Intelligent Wave

Market Cap: JP¥24.2b

Provides system development services and system products in Japan and internationally.

I'LL

Market Cap: JP¥54.0b

Operates as a system solution business in Japan.

Mitsubishi Research Institute

Market Cap: JP¥69.8b

Provides research, consulting, and ICT solutions to the public and private sectors in Japan.

Ryoyu Systems

Market Cap: JP¥33.8b

Provides design, development, operation and maintenance of information and communication systems for various industries in Japan.

Systex

Market Cap: NT$35.7b

Provides various IT services for enterprise and government clients in Taiwan and Asia.

Base

Market Cap: JP¥51.7b

Engages in the computer software development and related work in Japan.

Objective

Market Cap: AU$991.0m

Supplies information technology software and services in Australia and internationally.

Interactive Digital Technologies

Market Cap: NT$4.1b

Provides telecom, media, information technology (IT) and cloud, and geographical information system related professional consulting and implementation services in Taiwan.

Keyware Solutions

Market Cap: JP¥8.6b

Develops and sells information systems for the support of social infrastructure in Japan.

Mitake Information

Market Cap: NT$3.0b

Provides mobile financial information trading platform in Taiwan.

Willowglen MSC Berhad

Market Cap: RM 143.0m

Engages in the research, development, and supply of computer-based control systems in Malaysia, Singapore, and internationally.