Global Software Low Leverage High Rewards

Xchanging Solutions

Market Cap: ₹7.1b

Provides information technology services in India, Europe, the United States, Singapore, and internationally.

Mensch und Maschine Software

Market Cap: €574.7m

Provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas.

Ctac

Market Cap: €42.4m

Provides IT and business consulting services in the Netherlands and Belgium.

Computer Direct Group

Market Cap: ₪1.1b

Engages in the computing and software business in Israel.

Avensia

Market Cap: SEK 260.6m

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

NCC Group

Market Cap: UK£333.4m

Engages in the cyber security and software resilience business in the United Kingdom, the Asian-Pacific, North America, and Europe.

ARGO GRAPHICS

Market Cap: JP¥81.1b

Provides technical solutions in Japan.

JapaniaceLtd

Market Cap: JP¥7.6b

Engages in the advanced engineering business in Japan.

Ubicom Holdings

Market Cap: JP¥11.3b

Engages in the provision of IT solutions in Japan, the Philippines, China and the United States.

ISB

Market Cap: JP¥26.3b

Engages in the provision of embedded software development services for mobile, medical, and automotive applications in Japan.

CELSYS

Market Cap: JP¥51.0b

Engages in content creation solutions business in Japan.

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.

Ksolves India

Market Cap: ₹6.8b

Provides software development services India and internationally.

Vintcom Technology

Market Cap: ฿1.2b

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

CapitalNumbers Infotech

Market Cap: ₹2.4b

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.

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.

Accelya Solutions India

Market Cap: ₹16.6b

Engages in the provision of software solutions to the airline, cargo, and travel industries in the Asia Pacific, the Middle East, Africa, the Americas, and Europe.

R Systems International

Market Cap: ₹29.6b

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

Itera

Market Cap: NOK 486.9m

Develops digital solutions for businesses and organizations in Norway, Sweden, Denmark, Iceland, and internationally.

Lectra

Market Cap: €615.2m

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

Kainos Group

Market Cap: UK£901.5m

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

ITFOR

Market Cap: JP¥42.3b

Provides IT solutions for various industries in Japan.

eBASELtd

Market Cap: JP¥17.3b

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

Digital Arts

Market Cap: JP¥47.8b

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

WingArc1st

Market Cap: JP¥77.9b

Develops and sells software and services in Japan.

GMO Pepabo

Market Cap: JP¥8.3b

Provides internet services in Japan.

Rococo

Market Cap: JP¥3.7b

Provides various information technology solutions in Japan and internationally.

GSI

Market Cap: JP¥2.5b

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

Odyssey Technologies

Market Cap: ₹683.3m

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

Expleo Solutions

Market Cap: ₹12.7b

Primarily provides software validation and verification services to the banking, financial services, and insurance industries worldwide.

GFT Technologies

Market Cap: €534.3m

Provides digital transformation services.

Opera

Market Cap: US$1.6b

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

Sopra Steria Group

Market Cap: €2.7b

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

Logo Yazilim Sanayi ve Ticaret

Market Cap: ₺13.1b

Develops and markets software solutions in Turkey and internationally.

Softcat

Market Cap: UK£3.5b

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

Novotek

Market Cap: SEK 560.7m

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