FARO was founded in 1982 by Simon Raab and Greg Fraser who met while completing their PhD work at Mc Gill University in Montreal, Canada. After two years of development FARO launched three medical/surgical products based on its articulated arm measurement technology in 1984, 1986 and 1988 respectively. The company moved from Montreal to Lake Mary, Florida in 1990 and shortly after that the Company was asked to develop a larger, more robust version of its technology for use as a portable quality control tool for manufacturers.
By 1994 FARO had completely transitioned from the medical markets to the much larger worldwide industrial manufacturing market. On the basis of strong sales and profit growth and the large underserved market, FARO went public in 1997 and its shares began trading on the NASDAQ exchange under the symbol FARO. Faro acquired three companies in 1998, 2002 and 2005 to broaden its worldwide distribution and to expand its product lines into laser based inspection technology.
FARO is a pioneer and leader in the worldwide Computer-Aided Measurement market.