TIO ranked 352 out of the top 500 fastest growing Canadian companies
VANCOUVER, Sept. 18, 2015 /CNW/ - TIO Networks, (TSX-V: TNC) ("TIO"), North America's leading cloud-based bill payment processor, today announced ranking 352 out of the 500 fastest growing companies in Canada.
The rankings come from Canadian Business and PROFIT's annual business rankings based by their revenue growth over five years. TIO made the 2015 PROFIT 500 list with five-year revenue growth of 137%.
"The PROFIT 500 represent the highest tier of entrepreneurialism in Canada," says James Cowan, Editor-in-chief of PROFIT and Canadian Business. "They should be lauded for the positive economic contributions they've made to their communities—and the entire country. They are examples of what can be accomplished with innovation, discipline and determination."
"It is an honour for the entire TIO team to be listed in this year's PROFIT 500," said Hamed Shahbazi, CEO of TIO Networks. "TIO has had a monumental year. We demonstrated that we can cut costs, grow revenues, expand our EBITDA profit and get transformational deals done all at the same time. We are committed to building a hyper-profitable, technology enabled payments powerhouse in North America."
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 33 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 TIO Networks
TIO is a multi-channel cloud-based bill payment processor serving the largest telecom, wireless, cable, and utility bill issuers in North America. With more than 70,000 endpoints, TIO symbolizes fast, convenient and secure bill payment services.
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for its adequacy and accuracy.
SOURCE TIO Networks Corp.
For further information: CONTACT, Brix Media Co., Ryan Tessier, 604-613-6143, firstname.lastname@example.org; TIO Networks, John Lewis, 416-523-7086, email@example.com