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.
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.