Global Software Potentially Undervalued Small Caps

Computime Holdings

Market Cap: €29.2m

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

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.

REBIBLELtd

Market Cap: JP¥2.1b

Develops and offers a mobile application software that connects people with athletes.

Shenzhen GuoHua Network Security Technology

Market Cap: CN¥67.5m

Shenzhen GuoHua Network Security Technology Co., Ltd.

GSI

Market Cap: JP¥2.6b

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

Solid World Group

Market Cap: €11.0m

Provides 3D technologies in Italy.

Oneflow

Market Cap: SEK 482.7m

A software company, develops, sells, and implements digital contract management and automation systems in Sweden, Norway and Finland, United Kingdom, France and the Netherlands, and internationally.

AiRWA

Market Cap: US$8.5m

Through its subsidiaries, operates artificial intelligence software that provides online matchmaking and dating experiences in Hong Kong, the United States, and the United Kingdom.

Arcontech Group

Market Cap: UK£10.8m

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

Ifirma

Market Cap: zł153.9m

IFirma SA provides accounting services. The company offers services and tools for tax settlements and supporting business activities.

MIND C.T.I

Market Cap: US$21.6m

Develops, manufactures, markets, sells, and implements billing and customer care software solutions in the Americas, Europe, Israel, the Asia Pacific, and Africa.

Facephi Biometria

Market Cap: €48.9m

Engages in the biometric facial recognition technology solutions in Spain and internationally.

Talex

Market Cap: zł53.1m

Provides IT services in Poland.

Ingenta

Market Cap: UK£9.7m

Provides content management, advertising, and commercial enterprise solutions and services to publishers, information providers, academic libraries, and institutions in the United Kingdom, the United States, the Netherlands, France, and internationally.

Netgem

Market Cap: €28.8m

Develops, operates, and distributes the NetgemTV digital video entertainment platform in France and Europe.

YMIRLINKInc

Market Cap: JP¥5.2b

Together with its subsidiary, provides messaging solutions in Japan.

LaKeel

Market Cap: JP¥5.3b

Provides product, consulting, and professional services in Japan.

Kwong Fong Industries

Market Cap: NT$2.0b

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

Playgram

Market Cap: ₩30.4b

Engages in the maintenance, repair, and operations; and video content businesses in South Korea and internationally.

MDS Tech

Market Cap: ₩76.3b

Provides embedded, and IT convergence and education solutions.

Brainzcompany

Market Cap: ₩24.1b

Engages in the provision of integrated IT infrastructure management solutions in South Korea and internationally.

SYS Holdings

Market Cap: JP¥5.6b

Provides information technology services in Japan and internationally.

SystemEXEInc

Market Cap: JP¥5.4b

Engages in the system integration business.

Data Sinergitama Jaya

Market Cap: Rp346.1b

Provides IT infrastructure and managed services in Indonesia.

Showa System Engineering

Market Cap: JP¥6.8b

Engages in the development, operation, and consulting of information systems.

KL-Net

Market Cap: ₩51.6b

Provides logistics electronic data interchange, system integration, IT consulting, and logistics solutions for the maritime industry in South Korea.

Delaplex

Market Cap: ₹929.2m

Engages in the provision of software development and supply chain consultancy services in India and internationally.

Adroit Infotech

Market Cap: ₹486.6m

Operates as an SAP consulting company in India and internationally.

BlueVenture Group

Market Cap: ฿702.0m

Provides software solutions in the motor claim industry in Thailand.

Intouch Insight

Market Cap: CA$8.4m

Provides customer experience management products and software solutions in Canada, the United States, and internationally.

CNSLtd

Market Cap: JP¥5.3b

Provides system engineering services in Japan.

plenum

Market Cap: €4.5m

Engages in the provision of management consulting services to energy and mobility, financial institutions, and insurance companies in Germany, Austria, Switzerland, and the United States.

Kantone Holdings

Market Cap: HK$142.5m

An investment holding company, sells and leases system products, software licensing and customisation businesses in the United Kingdom, Germany, the People’s Republic of China, Hong Kong, and Macau.

Castellum

Market Cap: US$62.1m

Operates as a technology company in the United States and internationally.