Global Software Potentially Undervalued Small Caps

S&J

Market Cap: JP¥8.1b

Provides various information processing and information related services.

Yappli

Market Cap: JP¥8.9b

Engages in mobile technology and internet businesses in Japan.

Digistar Corporation Berhad

Market Cap: RM 28.2m

An investment holding company, provides system integration services in Malaysia.

Panda Eco System Berhad

Market Cap: RM 134.7m

An investment holding company, engages in providing software development, customisation, implementation, and integration of Information Technology (IT) solutions in Malaysia.

CRI Middleware

Market Cap: JP¥5.0b

Provides audio and video-related middleware solutions in Japan.

Kinatico

Market Cap: AU$73.5m

Provides screening, verification, and SaaS-based workforce management and compliance technology systems in Australia and New Zealand.

CreoLtd

Market Cap: JP¥9.2b

Engages in the development of information processing systems and provision of related services in Japan.

Distribusi Voucher Nusantara

Market Cap: Rp267.4b

Provides digital products, payment solution services, and online-to-offline (O2O) platforms in Indonesia.

JCurve Solutions

Market Cap: AU$14.8m

Provides enterprise resource planning (ERP) and telecommunications expense management solutions in Australia, New Zealand, Singapore, Thailand, and the Philippines.

Virtualex Holdings

Market Cap: JP¥2.8b

Through its subsidiaries, engages in IT and consulting, and outsourcing business in Japan and internationally.

Goodpatch

Market Cap: JP¥4.1b

Engages in the provision of UI/UX design consulting services.

Cliq Digital

Market Cap: €18.3m

An online performance marketing company, sells digital products and bundled-content subscriptions to consumers in North America, Europe, Latin America, and internationally.

MKB Nedsense

Market Cap: €10.3m

Engages in the financing and lending of funds to natural persons and legal entities.

Chi-technologyLtd

Market Cap: JP¥810.6m

Engages in the application development support business in Japan.

Ctac

Market Cap: €41.6m

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

ACCESS Newswire

Market Cap: US$31.6m

Provides solutions for public relations and investor relations in the United States and internationally.

NamSys

Market Cap: CA$31.7m

Provides software solutions for currency management and processing for the banking and merchant industries in North America.

A.P.N. Promise

Market Cap: zł92.3m

Provides IT solutions, products, and services to various business entities and individual customers in Poland.

Madkom

Market Cap: zł21.5m

Provides and integrates proprietary software for managing documents, information, and processes in public administration.

Aurora Mobile

Market Cap: US$39.0m

Through its subsidiaries, provides a range of developer services and vertical applications in China and Japan.

Seshachal Technologies

Market Cap: ₹7.0m

Engages in the development of software solutions for energy, hospitality, solvent oil businesses, and other businesses in India.

TelcowareLtd

Market Cap: ₩91.4b

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

Tokai Soft

Market Cap: JP¥8.7b

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

CG-VAK Software and Exports

Market Cap: ₹1.1b

Through its subsidiaries, provides software services worldwide.

Fuller

Market Cap: JP¥1.9b

Offers business development and digital consultancy services in Japan.

System LocationLtd

Market Cap: JP¥6.0b

Provides business support for finance companies in Japan and internationally.

Edia

Market Cap: JP¥4.1b

Engages in the intellectual property (IP) and publishing businesses.

Subex

Market Cap: ₹4.9b

Provides operations and business support systems to communication service providers (CSPs) worldwide.

Rococo

Market Cap: JP¥4.1b

Provides various information technology solutions in Japan and internationally.

Connexion Mobility

Market Cap: AU$17.4m

Develops and commercializes fleet management software for the automotive industry in Australia, the United States, Canada, and Mexico.

LYC Healthcare Berhad

Market Cap: RM 14.8m

Provides health care services primarily in Malaysia and Singapore.

China ITS (Holdings)

Market Cap: HK$399.1m

An investment holding company, provides products, specialized solutions, and services related to infrastructure technology in the People’s Republic of China and internationally.

Pivotree

Market Cap: CA$43.2m

Designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers worldwide.

CLPS Incorporation

Market Cap: US$29.8m

Through its subsidiaries, provides information technology services and solutions in Mainland China, Singapore, Hong Kong, the United States, Japan, India, and internationally.

MakoLab Spólka Akcyjna

Market Cap: zł45.1m

Operates as a digital solutions company in Poland.

Datrix

Market Cap: €27.6m

Operates as an artificial intelligence software company in Italy and internationally.