As I said earlier, I believe software-as-a-service company GetSwift Ltd (ASX: GSW) is a tech share that could prove to be a great buy and hold investment.
But it's not the only one. I think the three tech shares listed below are also great buy and hold investment options as well. Here's why:
The Appen Ltd (ASX: APX) share price has rallied an incredible 41% since this time last week. Although it can no longer be classed as a bargain buy, I think the data solutions and services provider could still prove to be a great buy and hold investment. After all, strong demand for its services led management to increase its annual EBITDA growth guidance to between 40% and 50% last month.
The LiveHire Ltd (ASX: LVH) share price has also been a big mover this year. Year-to-date the talent technology company's shares are up a whopping 53%. This gain was largely the result of investors snapping up shares following an impressive 75% quarter-on-quarter increase in cash receipts thanks to strong demand for its talent pool platform from big name clients such as Wesfarmers Ltd (ASX: WES), Bupa, UniSuper, and KPMG. Despite the strong gains, I think LiveHire is worth a closer look.
The Nextdc Ltd (ASX: NXT) share price is the laggard of the group with its market-beating 25% gain year-to-date. I believe the data centre operator's shares could climb significantly higher over the next few years as demand for its services grows strongly. As more and more businesses move to the cloud, I feel NextDC and its numerous data centres spread out across Australia are perfectly positioned to profit. The company recently posted a whopping 110% increase in half-year EBITDA to $23.9 million.
