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Release: Immediate

Software engineering firm to locate at UI Technology Innovation Center

CEDAR FALLS, Iowa -- The State Board of Regents today (Wednesday, Sept. 10) approved a lease that will enable CompuTerra, Inc. to become a tenant company in the University of Iowa Technology Innovation Center (TIC) at the Oakdale Research Campus in Coralville.

The lease of office space in Room 31 TIC is effective Wednesday, Oct. 1.

CompuTerra was incorporated in 1994 to develop simple and effective software solutions for business and industrial clients who must satisfy ever-increasing government record-keeping and reporting requirements.

Founders of the company are Donna L. Faust and Sanjay S. Singhvi, both of Coralville.

Faust received a bachelor's degree in chemical engineering from Iowa State University and is an M.B.A. student at the UI. Singhvi received a B.E. degree in environmental engineering from Gujarat University in India, master's and doctorate degrees in environmental engineering from the UI, and is a student in the M.B.A. program at the UI.

"We are excited about the prospects for applying our proprietary core technology to address the environmental, health, and safety needs of business, industry, and public agencies," said Singhvi.

Faust and Singhvi held engineering positions with a consulting firm before leaving to devote fulltime effort to their startup company, CompuTerra.

One of the university's formal technology transfer programs, TIC was established in 1984 on the UI Oakdale Research Campus to nurture new technology-based business ventures and to encourage those companies to establish relationships with the UI.

With the addition of CompuTerra, Inc., TIC has 14 tenant companies and 13 "graduate" firms in business outside the TIC.