$28m has been invested into data-engineering technology firm Duco by Insight Venture Partners, NEX Opportunities and Eight Roads Ventures.  Cristóbal Conde entrepreneur also contributed to this fund, of which the lifetime entrepreneur said:

“I am delighted to be deepening my relationship with Duco at this important inflection point for the company. Re-conciliation in financial services, and particularly in banks and large asset managers, is an area that requires a shake-up and re-engineering in the coming years. Duco is focused on bringing technological advancements to market in an industry that is ripe for disruption. The company is taking significant market share and will emerge as a household name in the coming years.”

Shares of their New York Mortgage Trust (NASDAQ:NYMT) were just lowered by Zacks Investments Research. The shift was made from a buy rating to a hold rating.  The explanation for the move was given by Zacks as follows:

“New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT’s wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary.”