Global Software Low Leverage High Rewards

JapaniaceLtd

Market Cap: JP¥8.3b

Engages in the advanced engineering business in Japan.

Xchanging Solutions

Market Cap: ₹6.2b

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

Mensch und Maschine Software

Market Cap: €555.7m

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.

OneSpan

Market Cap: US$400.5m

Provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

NCC Group

Market Cap: UK£320.9m

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

Ctac

Market Cap: €39.2m

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

Avensia

Market Cap: SEK 267.3m

Provides e-commerce solutions in Sweden.

Asseco Poland

Market Cap: zł11.1b

Produces and sells software products worldwide.

WINS Technet

Market Cap: ₩122.9b

Provides information security solutions and services in South Korea.

TelcowareLtd

Market Cap: ₩88.2b

Operates in the application software development and supply industry in South Korea.

Route Mobile

Market Cap: ₹29.0b

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: ₹17.1b

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.

WingArc1st

Market Cap: JP¥88.6b

Develops and sells software and services in Japan.

LG CNS

Market Cap: ₩5.9t

Operates as an IT service company in South Korea and internationally.

Rococo

Market Cap: JP¥3.9b

Provides IT services in Japan.

R&D ComputerLtd

Market Cap: JP¥16.3b

Provides system integration, infrastructure, package, cloud, and embedded control system solutions in Japan.

R Systems International

Market Cap: ₹30.3b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms.

Computacenter

Market Cap: UK£3.0b

Provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, Western Europe, North America, and internationally.

Micro Systemation

Market Cap: SEK 1.1b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

Lectra

Market Cap: €591.6m

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

GSI

Market Cap: JP¥2.7b

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

Osangjaiel

Market Cap: ₩60.1b

Primarily engages in the product life cycle management (PLM) and system integration business in South Korea.

Quest

Market Cap: JP¥8.2b

Provides IT services and solutions in Japan.

Kwong Fong Industries

Market Cap: NT$2.1b

Engages in the information software service and real estate businesses in Taiwan.

Glodon

Market Cap: CN¥18.4b

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

Expleo Solutions

Market Cap: ₹10.9b

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

Ifirma

Market Cap: zł195.2m

IFirma SA provides accounting services. The company operates a website, ifirma.pl, which offers services and tools for tax settlements and supporting business activities.

Novotek

Market Cap: SEK 678.4m

Novotek AB delivers solutions in the industrial IT and automation areas in Sweden, Norway, Denmark, Finland, Benelux countries, the United Kingdom, Ireland, and Switzerland.

Opera

Market Cap: US$1.2b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

GFT Technologies

Market Cap: €437.8m

Provides digital transformation services.

Sopra Steria Group

Market Cap: €2.2b

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

Alfa Financial Software Holdings

Market Cap: UK£435.5m

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.

Softcat

Market Cap: UK£2.4b

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

Logo Yazilim Sanayi ve Ticaret

Market Cap: ₺12.5b

Develops and markets software solutions in Turkey and internationally.

OBICLtd

Market Cap: JP¥1.7t

Provides system integration, system support, office automation, and package software services in Japan.

Trend Micro

Market Cap: JP¥677.0b

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