Global Software Potentially Undervalued Small Caps

Cliq Digital

Market Cap: €21.6m

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

Avensia

Market Cap: SEK 262.1m

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

Ctac

Market Cap: €43.0m

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

NamSys

Market Cap: CA$30.9m

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

S&J

Market Cap: JP¥6.3b

Provides various information processing and information related services.

Yappli

Market Cap: JP¥10.4b

Engages in mobile technology and internet businesses in Japan.

Kaizen Platform

Market Cap: JP¥2.1b

Provides user experience (UX) solutions to improve conversion rates (CVR) for client websites.

Linkgenesis

Market Cap: ₩39.1b

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

GaeaSoft

Market Cap: ₩96.9b

Operates as an IT service and digital marketing company in South Korea.

DASAN DMC

Market Cap: ₩34.0b

Develops software that provides automotive software products for the connected car and support of autonomous driving.

AR advanced technology

Market Cap: JP¥9.3b

Provides DX solutions utilizing cloud technology, data, and AI in Japan.

Daiwa Computer

Market Cap: JP¥4.4b

Engages in the software development and service integration businesses in Japan.

Goodpatch

Market Cap: JP¥4.1b

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

Inticube

Market Cap: ₩23.8b

Engages in setting up contact center infrastructure, and developing contact center solutions and wireless Internet solutions in South Korea.

Hyweb Technology

Market Cap: NT$1.6b

Engages in the research and development of electronic government, library and education, and electronic payment related software technologies in China and internationally.

Kinatico

Market Cap: AU$64.8m

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

Computime Holdings

Market Cap: €29.2m

Through its subsidiaries, provides business-to-business ICT solutions in Malta, Europe, and internationally.

Offtec Holding Group

Market Cap: د.أ14.9m

Provides business technology, consumer finance, and architectural lighting solutions in Jordan and internationally.

Connexion Mobility

Market Cap: AU$15.3m

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

Systech Bhd

Market Cap: RM 127.2m

An investment holding company, provides cybersecurity and corporate solutions, and e-logistics businesses in Malaysia, rest of Asia, and internationally.

CG-VAK Software and Exports

Market Cap: ₹816.9m

Through its subsidiaries, provides software services worldwide.

Naapbooks

Market Cap: ₹1.7b

Develops and provides information technology solutions to corporates in India.

Datrix

Market Cap: €30.5m

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

Netum Group Oyj

Market Cap: €13.0m

Operates as an IT services company in Finland.

Petards Group

Market Cap: UK£6.2m

Engages in the development, supply, and maintenance of technologies used in advanced security, communications, surveillance, and ruggedised electronic applications in the United Kingdom, Continental Europe, and internationally.

Dillistone Group

Market Cap: UK£3.6m

Provides software and services in the United Kingdom, Europe, the Americas, Australia, and internationally.

Editel

Market Cap: zł18.4m

Provides electronic data interchange (EDI) solutions, specializing in the optimization of supply chain processes worldwide.

Cyviz

Market Cap: NOK 324.0m

Operates as a technology provider for conference and control rooms and command and experience centers in Europe, the Middle East, the Asia Pacific, and North America.

MakoLab Spólka Akcyjna

Market Cap: zł67.8m

Operates as a digital solutions company in Poland.

CLPS Incorporation

Market Cap: US$24.9m

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

TelcowareLtd

Market Cap: ₩64.9b

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

Capital Asset Planning

Market Cap: JP¥5.0b

Provides system integration services in Japan and internationally.

Tokai Soft

Market Cap: JP¥8.2b

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

Pivotree

Market Cap: CA$36.4m

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

Visual Processing Japan

Market Cap: JP¥3.1b

Engages in the development of digital asset management (DAM) solutions in Japan.

iCRAFT

Market Cap: ₩38.7b

Operates as an IT company in Korea and internationally.