1010data, a provider of data warehouse and business intelligence for mortgage-backed securities market participants and others, has secured a $35 million equity investment from Norwest Venture Partners. The investment will allow 1010data to add to its marketing and sales efforts, according to Joel Kaplan, president, CEO and co-founder of 1010data. The investment gives NVP a minority stake in the company. In addition, Jon Kossow of NVP will join 1010data's board of directors. NVP is an investment firm that manages more than $3.7 billion in capital. It has offices in Palo Alto, Calif.; Mumbai and Bangaluru, India; and Herzelia, Israel.
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