U.K. Software Potentially Undervalued Small Caps

TPXimpact Holdings

Market Cap: UK£29.9m

Provides digital native technology services in the United Kingdom, Switzerland, and internationally.

Celebrus Technologies

Market Cap: UK£35.5m

Operates a digital identity and data platform in the United Kingdom, rest of Europe, the United States, and internationally.

Arcontech Group

Market Cap: UK£9.8m

Engages in the development and sale of proprietary software in the United Kingdom, rest of Europe, Africa, North America, Australasia, and the Asia Pacific.

Shearwater Group

Market Cap: UK£9.3m

Provides cyber security, managed security, and professional advisory solutions for corporate clients in the United Kingdom, rest of Europe, North America, and internationally.

Ingenta

Market Cap: UK£14.3m

Provides content management, advertising, and commercial enterprise solutions and services in the United Kingdom, the United States, the Netherlands, France, and internationally.

Cirata

Market Cap: UK£16.6m

Engages in the development and provision of collaboration software in North America, Germany, rest of Europe, China, and internationally.

Intercede Group

Market Cap: UK£46.0m

A cybersecurity company, develops and supplies identity and credential management software for digital trust primarily in the United Kingdom, rest of Europe, the United States, and internationally.