QVDX Quovadx (MM)

Quovadx, Inc. (Nasdaq:QVDX) today announced that on May 4, 2007, in federal court in the District of Colorado, Senior District Judge Richard P. Matsch granted final court approval of the settlement of the class action lawsuit captioned Special Situations Fund III, L.P. et al. v. Quovadx, Inc. This is the final resolution of the three legacy shareholder lawsuits that arose from the Company�s 2004 restatement of historical financial results. This lawsuit was originally filed on May 17, 2004. Under the terms of the approved settlement, class members and their counsel received $7.8 million in exchange for their release with prejudice of all claims that were or could have been asserted against the Company and the former individual defendants arising out of, or relating to, the acquisition of Quovadx common stock in connection with Quovadx�s December 2003 exchange offer for all of the outstanding shares of Rogue Wave Software, Inc. About Quovadx, Inc. Quovadx (Nasdaq:QVDX) offers software and services for software system development, extension, and integration to enterprise customers worldwide. Quovadx has two divisions, including the Integration Solutions division (ISD), which offers private and public healthcare and healthcare IT organizations software infrastructure to facilitate system interoperability and leverage existing technology, and, the Rogue Wave Software division, which provides reusable software components and services for enterprise-class application development and high-performance SOA. A third business unit, CareScience, Inc., was sold to Premier on March 30, 2007. For more information, please visit www.quovadx.com. QUOVADX, QUOVADX logo and ROGUE WAVE are registered trademarks or service marks of Quovadx, Inc. in the U.S. and/or select foreign countries. The absence of a trademark from this list does not constitute a waiver of Quovadx Inc.�s intellectual property rights concerning that trademark. All other company and product names mentioned may be trademarks of the companies with which they are associated.