Technology Investment Veteran Brings Deep Public and Private Company Knowledge and Capital Markets Experience
VANCOUVER, Jan. 29, 2013 /CNW/ - TIO Networks Corp., (TSX-V: TNC) ("TIO" or "TIO Networks"), North America's leading expedited bill payment company, announced today that it has appointed veteran technology sector investor Bill Burnham to its Board of Directors.
Mr. Burnham is the Managing Member and Founder of Inductive Capital, a technology-focused investment fund, which is an institutional shareholder of TIO Networks. Burnham has served on a variety of public company and private company Boards, ranging from public companies to small seed-stage startups. He currently serves on the Boards of two technology-focused, private start-ups. Burnham's investment experience spans both public and private technology companies. On the public side, Burnham was a Senior Research Analyst at Credit Suisse First Boston, Deutsche Morgan Grenfell, and Piper Jaffray, and was the first analyst on Wall Street to cover the Electronic Commerce Industry. On the private side, Burnham was a Partner at both Softbank Capital Partners, a $1.5 billion late stage investment fund, and Mobius Venture Capital, a $1.25 billion early stage fund.
"Bill's appointment comes at an opportune time for TIO," said Hamed Shahbazi, Chairman and CEO of TIO Networks, "His experience as an institutional investor, venture capitalist and analyst will equip both TIO's Board and senior management with relevant business advisory and capital market expertise to help navigate and drive our corporate growth objectives."
TIO Networks thanks Reid Drury, who stepped down from the Board at TIO's recent AGM, for his service, expertise and efforts on behalf of the Company. Reid's energy and advice was very helpful during a time of growth and improved financial performance at TIO.
About: TIO Networks
TIO is a cloud-based bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. With more than 60,000 endpoints, TIO symbolizes fast, convenient and secure bill paying. Visit: www.TIOnetworks.com. Join the conversation on www.twitter.com/tiobillpay or Like us on www.facebook.com/TIOWallet.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
SOURCE: TIO Networks Corp.
For further information:
Brett Mass, Hayden IR
John Lewis, Business Development - TIO Networks