Battery Ventures buys Quovadx for $136.7M

Publicly traded company, Quovadx, has agreed to be acquired by Quartzite Holdings Inc., a unit of Battery Ventures, a bi-coastal firm, for $136.7 million.

Battery has a sort of split personality. It does venture, but also these large buyouts.

Quovadx offers software and services for application and system development.

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