Why I would buy Nearmap and this mid cap ASX share right now

This is why I think Nearmap Ltd (ASX:NEA) and this mid cap ASX share could be quality options for investors right now…

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I think the mid cap side of the market is a great place to look for investment ideas.

This is because mid cap shares generally carry less risk than their small cap counterparts and offer potentially stronger returns than their large cap peers.

But with so many to choose from, it can be hard to decide which ones to buy. To help you narrow things down, I have picked out two mid cap shares which I think have very bright future ahead of them.

Here's why I would buy these mid cap ASX shares:

Bravura Solutions Ltd (ASX: BVS)

The first mid cap ASX share to look at is Bravura Solutions. It is a leading provider of software products and services to the wealth management and funds administration industries. I'm a big fan of the financial technology company due to its Sonata wealth management platform. This platform has been a key driver of its strong earnings growth over the last few years and looks set to continue this trend over the coming years thanks to its quality and large global market opportunity.

In addition to Sonata, the company has a number of other popular software products which are being used by large financial institutions. These include the Rufus transfer agency solution, the Garradin back office solution, and the recently acquired Midwinter financial planning software. The latter is a relatively new addition and is expected to give it a new avenue for growth in an industry benefiting from structural tailwinds.

Nearmap Ltd (ASX: NEA)

Another top mid cap ASX share to consider buying is this aerial imagery technology and location data company. Thanks to increasing demand for its services in both Australia and North America, Nearmap has been growing its sales at a rapid rate over the last few years. And while this positive run will end in FY 2020 because of some large churn events, I believe its growth will accelerate again once the pandemic passes.

Especially given its massive market opportunity in the United States, the launch of several exciting new products (including an AI product), and its potential expansion into new territories. So with the Nearmap share price down over 40% from its 52-week high, now could be an opportune time to make a patient long-term investment.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Nearmap Ltd. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia has recommended Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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