Two former top executives at Quovadx Inc. agreed to pay $145,000 in fines to settle charges they inflated the software maker's revenue by more than $12 million in 2003.

In a settlement with the Securities and Exchange Commission, former CEO Lorine Sweeney agreed to pay a $75,000 civil fine and former Chief Financial Officer Gary Scherping agreed to pay $70,000 civil fine. The pair did not admit or deny guilt.

The SEC said that Sweeney and Scherping also agreed to be barred for five years from serving as a corporate officer or director.

In 2007, Quovadx shareholders approved a $139 million buyout of the company by equity firm Battery Ventures, taking Quovadx private.