VANCOUVER, Sept. 16, 2016 /CNW/ - TIO Networks Corp. (TSX-V:
TNC, "TIO"), today announced that it made the 2016 PROFIT 500 list
with five-year revenue growth of 125%. This is the sixth year in a
row TIO has been listed among the country's most successful growth
companies on the PROFIT 500 and PROFIT 200, with revenue growth
each year exceeding 100 per cent year-over-year.
Canadian Business and PROFIT ranked TIO Networks No. 382 on the
28th annual PROFIT 500. Published in the October issue
of Canadian Business and at PROFITguide.com, the PROFIT 500
lists Canada's strongest
businesses based on their five-year revenue growth.
"Companies become a part of the PROFIT 500 through innovative
thinking, smart strategy and sheer grit," says James Cowan, Editor-in-chief of PROFIT and
Canadian Business. "These firms demonstrate what Canadian
entrepreneurs can achieve, both at home and across the globe."
TIO has experienced monumental growth this past year with the
acquisition of Softgate Systems, Inc., positioning the Company as
the largest provider of walk-in bill payment services across
North America, and the launch of
TIO.com, the Company's first TIO branded direct-to-consumer web
portal where consumers can pay common U.S. household bills quickly
from any Internet enabled device.
"It is once again an honour for the TIO team to be listed in
this year's PROFIT 500," said Hamed
Shahbazi, CEO of TIO Networks. "Growth is the lifeblood of
any business and we continue to work hard on new initiatives that
allow us to reach new levels of financial performance."
About TIO Networks Corp.
TIO Networks is
a cloud-based multi-channel bill payment processing and
receivables management provider, serving the largest telecom,
wireless, cable, and utility bill issuers in North America. TIO integrates with the back
office of billing systems to accept, validate, and collect payments
outside of the traditional bank channel, via self-service kiosk,
retail walk-in, mobile, and web solutions. With over 69,000
endpoints in its processing network, TIO symbolizes fast,
convenient, and secure access to expedited bill payment
services.
Visit TIONetworks.com and join the conversation on LinkedIn,
Twitter and Facebook.
About PROFIT and PROFITguide.com
PROFIT: Your Guide to
Business Success is Canada's
preeminent media brand dedicated to the management issues and
opportunities facing small and mid-sized businesses. For 34 years,
Canadian entrepreneurs across a vast array of economic sectors have
remained loyal to PROFIT because it's a timely and reliable source
of actionable information that helps them achieve business success
and get the recognition they deserve for generating positive
economic and social change. Visit PROFIT online at
PROFITguide.com.
About Canadian Business
Founded in 1928, Canadian
Business is the longest-serving, best-selling and most-trusted
business publication in the country. With a total brand
readership of more than 1.1 million, it is the country's premier
media brand for executives and senior business leaders. It fuels
the success of Canada's business
elite with a focus on the things that matter most: leadership,
innovation, business strategy and management tactics. We provide
concrete examples of business achievement, thought-provoking
analysis and compelling storytelling, all in an elegant package
with bold graphics and great photography. Canadian
Business—what leadership looks like.
The TSX Venture Exchange has not reviewed this news release and
does not accept responsibility for its adequacy and accuracy.
SOURCE TIO Networks Corp.