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Thursday, February 10, 2011

USI education was valuable for young entrepreneur

News and Information Article Photo
Michael Patzer
Photo Credit:
USI Photo Services
Contact for more information:
Wendy Knipe Bredhold
Media Relations Specialist, News & Information Services
Michael Patzer, a 2009 USI graduate with a bachelor's degree in finance, is co-founder with Max Haddan, a 2009 Purdue University graduate, of Orange Group Apps, a company that develops software for the iPhone, iPad, iPod Touch, and Mac.

The company recently released Animatopoeia, an app that allows users to explore the world of language through the use of animal onomatopoeia. TVM Financial Calculator, also developed by Orange Group Apps, allows users to solve "Time Value of Money" equations involving an equal series of payments over time. Both apps are available in the iTunes App Store.

Read more about the Orange Group Apps in the Evansville Courier & Press.

Patzer, who recently relocated to Palo Alto, California, said that his USI education and experiences helped him to develop the apps.

"My finance class at USI, as well as tutoring finance in Academic Skills, taught me Time Value of Money equations which I used to create the TVM Financial Calculator," he said. "It was my specific experience with hard-to-use financial calculators in my business classes that led me to create that app."

He added, "My study abroad experience gave me connections with friends around the world whom I asked to help record the voices for Animatopoeia. It also gave me the connection to Heidi Gregori-Gahan, director of International Programs and Services, and she helped me connect with the three USI students whose voices are in Animatopoeia."

What's next for Orange Group Apps? "We now have clients that we are building apps for. We will be continuing to develop our own apps and we'll also be seeking out additional clients," Patzer said. "We are definitely in expansion mode and would love to hire additional iPhone programmers, Android/Blackberry/Windows Mobile programmers, and someone to head our marketing efforts. We have some initial investor interest both in Evansville and Silicon Valley."

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