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With a Two-Year Revenue Growth of 505%, Capital Rx Ranks No. 32 on Inc. Magazine’s List of the Northeast Region’s Fastest-Growing Private Companies

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Demand for JUDI® and Capital Rx’s pharmacy benefit administration solution continue to drive above-average growth

NEW YORK, Feb. 27, 2024 /PRNewswire/ — Inc. Magazine today revealed that Capital Rx, the full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) advancing our nation’s healthcare infrastructure to improve drug price visibility and patient outcomes, ranks No. 32 on its fourth annual Inc. 5000 Regionals: Northeast list. Born of the annual Inc. 5000 franchise, this regional list provides a unique look at the most successful companies within the Northeast economy’s most dynamic segment – its independent businesses.

Demand for JUDI® and Capital Rx’s pharmacy benefit administration solution helped drive 505% two-year revenue growth.

 “Innovation is at the core of everything Capital Rx does. With our cloud-native enterprise health platform, JUDI®, we are delivering a technology solution that provides an unparalleled level of efficiency, transparency, and accuracy to our clients and their members,” said AJ Loiacono, Co-Founder and CEO of Capital Rx. “It’s an honor to make the Inc. 5000 Regionals: Northeast list for the third straight year as we continue to enhance the workflows and processes necessary to deliver the level of care Americans deserve.”

The companies on this list show a remarkable rate of growth across all industries in the Northeast region. Between 2020 and 2022, these 198 private companies had an average growth rate of 155.84 percent; by 2023, they’d also added 14,560 jobs and $15.7 billion to the region’s economy.

“The honorees in our Inc. 5000 network are the Who’s Who of private companies. They’re energizing regional economies as they engineer the future of their industries. Learn who they are and what they do — they’ll be impacting things for a while,” said Eric Hagerman, Special Projects Editor at Inc. Media.

Complete results of the Inc. 5000 Regionals: Northeast, including company profiles, can be found at inc.com/Northeast.

More about Inc. and the Inc. 5000 Regionals 

Methodology 
The 2024 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2020 and 2022. To qualify, companies must have been founded and generating revenue by March 31, 2020. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2022 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.   

About Inc. Media  
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. 

The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.  

About Capital Rx
Capital Rx is a full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA), advancing our nation’s electronic healthcare infrastructure to improve drug price visibility and patient outcomes. As a Certified B Corp™, Capital Rx is executing its mission through the deployment of JUDI®, the company’s cloud-native enterprise health platform, and a Single-Ledger Model™, which increases visibility and reduces variability in drug prices. JUDI connects every aspect of the pharmacy ecosystem in one efficient, scalable platform, servicing millions of members for Medicare, Medicaid, and commercial plans. Together with its clients, Capital Rx is reimagining the administration of pharmacy benefits and rebuilding trust in healthcare. To learn more, visit capitalrx.com.

Media Contacts
Michael Passanante, Senior Vice President, Marketing & Communications
Justin Venneri, Director of Communications
marketing@cap-rx.com

 

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SOURCE Capital Rx

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Carro brings back award-winning ‘No Drama’ ads to celebrate 10 years of revolutionary car buying and selling services for customers

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Carro brings back ‘No Drama’, their award-winning ad series which parodies drama cliches to highlight its trustworthy, reliable, and transparent practicesThe 2-part campaign will reveal a second film in June Their 2023 ‘No Drama’ campaign garnered more than 38 million views and took home six awards at the YouTube Works Awards Southeast Asia

SINGAPORE, May 19, 2025 /PRNewswire/ — Carro, Asia Pacific’s largest and fastest-growing online used car platform, is celebrating thousands of satisfied customers in Asia Pacific since 10 years of inception, in a new campaign that spotlights their drama-free and seamless car buying and selling experience. A second Hong Kong crime genre ad will be released in June.

 

Produced by Carro’s in-house team and fully shot in South Korea, the first ‘No Drama’ ad takes us back to the Joseon Dynasty where even the king cannot escape conniving tricksters who are trying to persuade him to sell off his trusty ride for a fraction of what it’s worth. How will Carro save the kingdom from ruins?

Carro’s ‘No Drama’ series first launched in 2023 in the form of 3 short films that tapped into typical drama cliches to juxtapose the drama-free nature of buying a Carro Certified car that is As Good As New. The campaign went viral with more than 38 million views in total, and earned Carro six awards at the YouTube Works Awards Southeast Asia, including the Overall Winner for “The Big Bang Southeast Asia” category.

Carro Chief Marketing Officer Katherine Teo says, We’ve heard what our customers have said over the last 10 years: that selling their car can be stressful, complicated and long drawn. That’s why we keep our processes transparent and stress-free, and all the drama they see will only be from our ads – no matter whether they’re selling to us or buying a Carro Certified car that is As Good As New. Comedy remains a great medium for us to tell our story and we are so excited to be able to deliver our message in a manner that is entertaining and fresh.”

Carro offers a 100% transparent and convenient process that allows customers to begin their car-selling journey online at carro.co. In markets like Hong Kong and Malaysia, customers don’t even have to leave their home as Carro staff take the inspection and quotation processes right to their homes.

“At Carro, we take pride in setting a new standard of transparency and trust in the used car industry. Our commitment to providing 100% clear quotations and straightforward processes ensures that our customers feel confident and cared for at every step, even if it means appearing at their doorstep,” says Carro Chief Operating Officer Chua Zi Yong. “With the understanding that every market is unique, we are deeply committed to delivering the Carro experience in a way that is not only convenient and worry-free, but also truly resonates with what our customers value and need.”

Since its founding in 2015, Carro has been building its proprietary technologies and tapping into AI solutions to revolutionise the car ownership experience. Carro has grown from a Singaporean used car marketplace to Asia Pacific’s No. 1 used car online marketplace spanning 7 markets, complete with a strong in-house ecosystem that includes financing options, insurance offerings and aftersales services. The company also started selling brand new cars in Singapore, with plans to roll out this product line in other selected markets.

The ad is running in Singapore, Malaysia, Indonesia, Japan and Hong Kong. Look forward to No Drama Part 2 in June 2025, and head over to carro.co for all your car needs.

About Carro

Founded in 2015, Carro is Asia Pacific’s largest online used car marketplace. By offering a trustworthy and transparent experience, Carro transforms the traditional way of buying and selling cars through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions. As of March 2025, Carro has started selling Brand New cars in Singapore.

Headquartered in Singapore, the unicorn startup has raised over S$700 million from Softbank Vision Fund and several sovereign funds. It recorded its best ever full-year positive EBITDA of S$43 million in FY2024. Together with its subsidiaries and business lines, Carro is supported by more than 5,000 employees across Asia Pacific:

Carro, Asia Pacific’s largest online used marketplace with a strong key presence Singapore, Malaysia, Indonesia and Thailand, and a recent expansion into Japan, Taiwan, and Hong KongCarro Care Powered by Jardine & Cycle, Carro’s in-house refurbishment and after-sales servicing capabilitiesGenie Financial Services, a next-generation fintech automotive financing provider in Singapore, Malaysia, Indonesia and ThailandMPM Rent, leading mobility solutions company in Indonesia specialising in leasing / fleet financing transportation servicesInnorithm, a next-generation fleet management solutions company leveraging state-of-the art IoT and machine learningKaidee, Thailand’s largest online shopping and classifieds platform

For more information, please visit: www.carro.co.

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SOURCE Carro

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Akamai Cloud Helps Eliminate Egress Costs for IRIAM

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Keeping real-time performance while lowering infrastructure costs

TOKYO, May 19, 2025 /PRNewswire/ — Akamai Technologies GK has succeeded in reducing the outbound communication costs (egress costs) for the streaming servers of IRIAM Inc. to almost zero through its cloud service, Akamai Cloud. The move to Akamai Cloud has also contributed to reducing the overall cost of the streaming servers from one-third to less than one-tenth of the total cost of the cloud infrastructure.

IRIAM’s key feature is its community-oriented structure, with close engagement between live streamers (who stream their content using the live-streaming platform) and listeners. To create streams that simulate talking face-to-face, IRIAM created a communication environment that prioritizes real-time performance and minimizes communication lag as much as possible. IRIAM aims to constrain lag to 0.1 seconds, and has independently developed and operates a communication method called the motion-live method.

As the number of users increases and the business grows, however, IRIAM’s network costs are increasing. Network costs accounted for more than one-third of the cost of using cloud infrastructure. These network costs were becoming an issue, and after Akamai started offering cloud services, IRIAM reviewed the Akamai Cloud offerings, and realized that Akamai was able to resolve the issue.

The result of migrating streaming servers to the Akamai Cloud that was most appreciated by IRIAM was the cost savings from Akamai’s proprietary pricing structure, which includes network usage fees as part of the server instance usage fees.

For example, an entry-class “Shared 4 GB” instance has no network transfer charge for up to 2 terabytes. In IRIAM’s case, outbound communication per server is limited to staying within 2 terabytes, so virtually all streaming servers can be operated with the only real cost being the server instance. Even if the limit is exceeded, the extra cost is extremely low, at US$0.005 per 1 GB (as of April 2025).

The amount of network traffic used on the previous cloud was 200 terabytes per month, costing hundreds of thousands of dollars a year. Moving to Akamai Cloud has removed these costs from IRIAM’s fees. Since then, network traffic has increased to approximately 300 terabytes per month as IRIAM’s services have grown, but all traffic still operates within the free quota that comes with each streaming service instance.

After the migration, the network costs as part of the entire infrastructure were reduced from one-third to almost zero, and IRIAM’s streaming server usage fees were reduced by approximately 50% on top of that.

In addition to the cost savings, IRIAM also highly praised the ease of migration and the service stability.

Akamai Cloud also supports API management, allowing the migration to be completed by simply switching the streaming server to the Akamai Cloud while maintaining the existing virtual machine management mechanism as is. CPU and memory utilization is stable and transmission errors on the network are rarely observed.    

IRIAM launched its service in the United States in November 2024. The attentive support and the fast response times are attractive features of the service, and its stability and reliability, coupled with the ease of global deployment, make it a great help for IRIAM’s future business developments in the United States.

Hirokazu Higuma, Managing Director of Akamai, said, “We’re pleased that IRIAM Inc., who have created a new culture on the internet, has adopted Akamai Cloud. We will continue to support IRIAM’s further business growth, starting with their global expansion. Akamai serves its customers more by delivering ever faster, safer, and more stable internet solutions, and by empowering and safeguarding people’s online lives.”

Read the Akamai Cloud product brief to learn more.

About Akamai
Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense in depth to safeguard enterprise data and applications everywhere. Akamai’s full-stack cloud computing solutions deliver performance and affordability on the world’s most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Learn more at akamai.com and akamai.com/blog, or follow Akamai Technologies on X and LinkedIn.

CONTACT: Akamai PR, akamaiPR@akamai.com 

View original content:https://www.prnewswire.com/apac/news-releases/akamai-cloud-helps-eliminate-egress-costs-for-iriam-302458602.html

SOURCE Akamai Technologies, Inc.

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AnX Robotica Unveils NaviCam XS, NaviCam XST, and ESView 3.0 at DDW 2025 to Exceptional Industry Response

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PLANO, Texas, May 19, 2025 /PRNewswire/ — AnX Robotica, a leader in robotic capsule endoscopy and advanced GI diagnostics, proudly announced the successful launch of NaviCam XS, NaviCam XST, and ESView 3.0 during Digestive Disease Week (DDW) 2025. The unveiling drew exceptional interest, with clinicians, researchers, and industry professionals visiting the AnX Robotica booth to witness the next evolution in GI visualization technology.

AnX Robotica Showcases Breakthrough GI Technologies at DDW 2025

NaviCam XS, the latest addition to the NaviCam platform, introduces a capsule that is 44% smaller by volume than standard small bowel capsules, designed for enhanced patient comfort and easier ingestion without compromising on image quality or diagnostic reliability. This next-generation capsule further advances the possibilities of capsule endoscopy.

Alongside NaviCam XS, NaviCam XST made its debut, offering real-time esophageal visualization through a tethered capsule design. With ESView RT Display, clinicians can seamlessly navigate the esophagus without the need for sedation, providing an ideal solution for evaluating conditions such as reflux, and esophageal varices in real-time.

AnX Robotica also showcased ESView 3.0, the most advanced version of its software platform to date. With an intuitive interface, enhanced image clarity, and streamlined workflow, ESView 3.0 allows for faster interpretation, real-time annotation, and seamless report generation—enabling physicians to optimize diagnostic efficiency and patient outcomes.

“The response at DDW 2025 has been overwhelmingly positive,” said Stu Wildhorn, Vice President of Marketing and Product Management at AnX Robotica. “The enthusiasm from clinicians around NaviCam XS, XST, and ESView 3.0 underscores the market’s demand for non-invasive, high-resolution GI visualization. These innovations are not just advancing technology; they are setting a new standard for patient care.”

The high-traffic booth at DDW served as a launchpad for these technologies, with live demonstrations, hands-on sessions, and presentations that highlighted the precision, ease of use, and clinical impact of the new products. Attendees expressed strong interest in how these solutions can redefine both diagnostic efficiency and patient experience.

AnX Robotica remains committed to pushing the boundaries of capsule endoscopy and GI diagnostics, adding to its growing portfolio, which includes NaviCam SB with ProScan™, MotiliCap, NaviCam Colon*, IntraMarX, and VibraBot.

*Colon Capsule is not available in the United States

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SOURCE AnX Robotica

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