Global Software Potentially Undervalued Small Caps

IPS Holdings

Market Cap: JP¥2.9b

Provides SAP ERP system implementation and maintenance services in Japan, Germany, and Asia-Pacific.

Evd Berhad

Market Cap: RM 15.7m

An investment holding company, provides information and communications technology (ICT) system solutions for transportation infrastructure in Malaysia and Philippines.

ItcenctsLtd

Market Cap: ₩91.2b

Engages in the sale, installation, and maintenance of data communication equipment in Korea and internationally.

Kantone Holdings

Market Cap: HK$150.0m

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.

Systems Design

Market Cap: JP¥4.2b

Operates as an information service company.

Human Creation Holdings

Market Cap: JP¥3.8b

Through its subsidiaries, engages in the provision of consulting and dispatch contract development related to information technology (IT) industry in Japan.

Total Soft Bank

Market Cap: ₩54.2b

Operates as maritime logistics solutions company in South Korea.

Parataxis Ethereum

Market Cap: ₩32.9b

Provides database security solutions for businesses in South Korea and the rest of Asia.

InzisoftLtd

Market Cap: ₩47.7b

Engages in the development and sale of software solutions for financial sector in South Korea.

Growth X PartnersInc

Market Cap: JP¥4.2b

Engages in the enterprise DX business for enterprises.

Trident Techlabs

Market Cap: ₹3.8b

A technology company, provides engineering and power system solutions in India.

Hammock

Market Cap: JP¥6.1b

Develops and sales corporate software.

ItcenpnsLtd

Market Cap: ₩47.1b

A security platform company, develops security and biometric solutions.

Expert Systems Holdings

Market Cap: HK$94.0m

An investment holding company, provides information technology (IT) infrastructure solutions, IT infrastructure management services, and develops artificial intelligence (AI) products and services.

Synapsoft

Market Cap: ₩55.5b

A software as a service company, develops, distributes, and sells digital document and document processing software in South Korea and internationally.

SMN

Market Cap: JP¥5.6b

Engages in digital marketing activities business in Japan.

Tranway21 Technologies

Market Cap: ₹42.5m

Provides information technology and consulting services in India and internationally.

TechStore Berhad

Market Cap: RM 122.5m

An investment holding company, primarily provides information technology (IT) security and automation solutions in Malaysia and Singapore.

HOUSEI

Market Cap: JP¥2.7b

Engages in the information systems business in Japan.

D. I. System

Market Cap: JP¥2.7b

Engages in the system integration, and educational services and security solutions businesses in Japan.

Practical Solution

Market Cap: ฿1.4b

Engages in the distribution and installation of computer network systems in Thailand.

TOBESOFT

Market Cap: ₩6.3b

A software company, develops and sells UI and UX technology solutions in South Korea.

Curira

Market Cap: SEK 60.3m

Curira AB provides digitalization services.

Optigis

Market Cap: zł28.8m

Provides geolocation and telematics solutions systems in Poland.

Neurosoft Software Production

Market Cap: €15.4m

An ICT company, provides managed and integrated services in Greece and internationally.

Safeture

Market Cap: SEK 148.5m

Operates as a software as a service company in Sweden in internationally.

Information Technology Total Services

Market Cap: NT$1.1b

Provides applications and services of the information technology outsourcing (ITO), business process outsourcing (BPO), and innovative applications and services of the Internet of Things (IoT) services in China.

TeamSpirit

Market Cap: JP¥6.7b

Engages in the SaaS business in Japan.

DreamArts

Market Cap: JP¥9.3b

Engages in the planning, development, and sale of cloud products for large companies in Japan.

GlobalSpace Technologies

Market Cap: ₹666.1m

An information technology and communication company, engages in the provision of customized software solutions and other support services to enterprises in India.

AxisLtd

Market Cap: JP¥6.7b

Engages in the research and development, sale, consultation, and operation management of computer systems.

Basic

Market Cap: JP¥4.0b

Develops SaaS platform and digital solutions for the B2B marketing field.

FORCSLtd

Market Cap: ₩51.8b

Provides enterprise e-form and reporting solutions in South Korea and internationally.

Synclayer

Market Cap: JP¥3.4b

Provides system integration services for CATV network in Japan.

EA Holdings Berhad

Market Cap: RM 32.3m

An investment holding company, provides business intelligence software and development, IT service management consultancy, and system integration services in Malaysia.

Just Planning

Market Cap: JP¥5.7b

Provides solutions for the food and beverage industry in Japan.