Global Software Low Leverage High Rewards

CELSYS

Market Cap: JP¥53.4b

Engages in content creation solutions business in Japan.

ARGO GRAPHICS

Market Cap: JP¥88.8b

Provides technical solutions in Japan.

Tech Mahindra

Market Cap: ₹1.4t

Provides information technology services and solutions in India, the Americas, Europe, and internationally.

Willowglen MSC Berhad

Market Cap: RM 145.4m

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

Avensia

Market Cap: SEK 234.6m

Provides e-commerce, omnichannel, customer experience, and information management solutions in Sweden, Norway, the United States, the United Kingdom, Switzerland, France, and internationally.

Asseco Poland

Market Cap: zł17.5b

Produces and sells software products worldwide.

Atea

Market Cap: NOK 19.4b

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

Tokai Soft

Market Cap: JP¥7.8b

Provides factory automation and embedded software development and network infrastructure technology services in Japan.

Digital Arts

Market Cap: JP¥60.4b

Develops and markets internet security software and appliances in Japan, the United States, Europe, and the Asia Pacific.

DTS

Market Cap: JP¥163.1b

Provides systems integration services in Japan.

Route Mobile

Market Cap: ₹33.6b

Provides cloud-communication platform solutions to enterprises, over-the-top service providers, and mobile network operators in India and internationally.

Vintcom Technology

Market Cap: ฿1.3b

Trades in computer and equipment in Thailand, Myanmar, Cambodia, and internationally.

ITFOR

Market Cap: JP¥44.2b

Designs and develops software and system infrastructure in Japan.

Mastersystem Infotama

Market Cap: Rp4.2t

Engages in the provision of information and communication technology infrastructure solutions and system integration services to enterprise banking, oil and gas, enterprise, and telecommunication markets in Indonesia.

Rococo

Market Cap: JP¥3.7b

Provides various information technology solutions in Japan and internationally.

Ksolves India

Market Cap: ₹6.7b

Provides software development services India and internationally.

R Systems International

Market Cap: ₹30.3b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms in Europe, the United States, and internationally.

CapitalNumbers Infotech

Market Cap: ₹2.2b

Provides digital consulting, information technology engineering, and software development solutions to enterprises and startups in India, the United States, the United Kingdom, Europe, the Middle East, Africa, and internationally.

eBASELtd

Market Cap: JP¥18.6b

eBase Co.,Ltd. engages in the planning, development, sale, and maintenance of content management software in Japan.

Kainos Group

Market Cap: UK£1.1b

Engages in the provision of information technology services in the United Kingdom, Ireland, North Americas, Central Europe, and internationally.

Integrated Research

Market Cap: AU$54.2m

Designs, develops, implements, and sells software for business-critical computing, unified communication, and payment networks.

Odyssey Technologies

Market Cap: ₹597.2m

Engages in developing software focusing on public key infrastructure, cryptography, and other related services in India.

Business Engineering

Market Cap: JP¥71.2b

Designs, develops, and implements corporate information systems using ERP package products developed by other companies in Japan.

Glodon

Market Cap: CN¥15.7b

Provides digital building platform services to the construction industry in China.

GSI

Market Cap: JP¥2.7b

GSI Co., Ltd. is involved in the software development and maintenance in Japan.

Logo Yazilim Sanayi ve Ticaret

Market Cap: ₺12.8b

Develops and markets software solutions in Turkey and internationally.

Softronic

Market Cap: SEK 1.2b

Provides information technology and management consulting services in Sweden.

Asseco South Eastern Europe

Market Cap: zł3.9b

Provides software implementation, integration, and outsourcing services.

Novotek

Market Cap: SEK 632.8m

Novotek AB delivers solutions in the industrial IT and automation areas.

Softcat

Market Cap: UK£3.9b

Operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom.

Ingenta

Market Cap: UK£10.2m

Provides content management, advertising, and commercial enterprise solutions and services to publishers, information providers, academic libraries, and institutions in the United Kingdom, the United States, the Netherlands, France, and internationally.

GFT Technologies

Market Cap: €604.6m

Provides digital transformation services.

Sopra Steria Group

Market Cap: €3.6b

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

Opera

Market Cap: US$1.8b

Provides mobile and PC web browsers and related products and services in Ireland, Singapore, the United States, and internationally.

Alfa Financial Software Holdings

Market Cap: UK£495.3m

Through its subsidiaries, provides software and related services to the auto and equipment finance industry in the United Kingdom, North Americas, Europe, Africa, Australasia and internationally.

BIPROGY

Market Cap: JP¥402.5b

Provides cloud computing and outsourcing services in Japan.