2003.12 – RogueWave – Website

Rogue Wave Software, Inc. has been acquired by Quovadx, Inc.

“It’s hard to imagine that we could have engaged a more qualified company than Bryant Park Capital to advise and guide us through this transaction, said Kathleen Brush, Chief Executive Officer of Rogue Wave Software. “This was a very intense process. The Bryant Park Capital team performed at the highest level and with an allegiance to integrity. They nailed every demanding deadline with quality deliverables that gave us confidence that our commitment to maximizing shareholder value was being met.”

Kathleen Brush, Chief Executive Officer, Rogue Wave Software

December 19, 2003 – Our client, Rogue Wave Software, Inc., (Nasdaq: RWAV), a leading provider of reusable software components and services that facilitate application development, completed the sale of the company to Quovadx, Inc. (Nasdaq: QVDX), a global platform software and vertical solutions company. The acquisition was structured as an exchange offer and provided that Quovadx acquire all of the outstanding stock of Rogue Wave for $4.09 in cash and 0.5292 of a share of Quovadx common stock for each share of Rogue Wave common stock. The total value of the transaction on the date of announcement was approximately $75 million. Bryant Park Capital (BPC) acted as the exclusive financial advisor to Rogue Wave Software, Inc. BPC negotiated for an incremental $15 million of value to the shareholders from its initial engagement.