Thursday, August 31, 2006

Quovadx Looks For Buyer

Greenwood Village-based Quovadx, a provider of software for the healthcare and service oriented architecture (SOA) market, said today that it has hired First Albany Capital to explore strategic alternatives for the firm. The firm said that could include recapitalization, strategic acquisition, or sale or merger of the company or its divisions. Quovadx develops software for the healthcare market, and also has a division, Rogue Wave Software, which provides tools for software developers. Quovadx is publicly listed on the Nasdaq as QVDX.