Quovadx Approves Sale to Venture Capital Firm

Quovadx Inc., a producer of software system development applications, announced Wednesday that its stockholders have approved and completed the company's merger with Rogue Wave Holdings Inc., a wholly owned subsidiary of Battery Ventures VII L.P. Under the terms of the merger agreement, Quovadx stockholders will receive $3.20 in cash for each share of Quovadx common stock—the same price at which the stock was listed at market close Wednesday. As a result of the merger, Quovadx will cease to be a publicly traded company, and it will no longer be listed on NASDAQ. Quovadx is headquartered in Greenwood Village, Colorado. Founded in 1983, Battery Ventures focuses its investments in technology companies.


More Headlines