What is the market potential for Quovadx?
Quovadx operates in attractive growing markets. Approximately sixty-five percent of our revenue comes from the healthcare IT market, served by our ISD and CareScience Divisions. Approximately thirty-five percent of our revenue comes from customers in financial services and telecommunications customers served by our Rogue Wave Software division. Rogue Wave Hydra, a new product launched in April 2006, targets the growing service-oriented architecture market. Healthcare Market: A recent DataMonitor Report entitled “Technology Opportunities in the North American Healthcare Market” predicts that Healthcare providers in the U.S. and Canada will spend up to $39.5 billion on health IT by 2008. It also suggests that IT spending among U.S. healthcare providers will experience a 7.4% five-year compound annual growth rate. Recent trends in global healthcare, including initiatives to promote the adoption and use of electronic medical records, computerized physician order entry and e-prescribing sys
