SANDY, UT August 15, 2023 – Inc. magazine today revealed that ROMARIC CORPORATION, a leading provider of factory automation & throughput optimization software solutions, secured its position for the 4th time. Inc. on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
Rory Gagon, President and CEO of Romaric, expressed his pride and gratitude for the achievement, stating, “I am thrilled to see we are on the Inc 5000 list again this year. This achievement is a testament to our management and employees’ incredible teamwork and dedication. We are proud of our progress, and this recognition fuels our drive to continue delivering world-class automation solutions and making a positive impact on a global scale.”
Initially recognized as a leading Automated Material Handling Systems (AMHS) software provider in the semiconductor industry for over 20 years, Romaric Corporation has extended their expertise to optimize material handling in various industries, including warehousing, manufacturing, micro fulfillment, automated parking…etc.
Their flagship product, the Romaric Automation Control Engine (“RACE”), has been successfully deployed in over 80 instances. This powerful solution seamlessly integrates with existing external systems and databases while effectively controlling multiple devices, like vehicle-based transport systems, conveyors, storage systems, overhead hoist transports (“OHT”), mobile robots, and automated guided vehicles (“AGV”). Romaric also offers source code licensing partnerships to companies looking to develop automation controls without starting from scratch. By leveraging these partnerships, businesses can save significant time and costs associated with new development efforts.
ABOUT INC. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.