TIO Networks Ranks 2nd in Top 10 Tech Companies on the 2016 TSX Venture 50
Strong Financial Returns Places TIO as one of TSX.V's Top Performing Tech Stocks
VANCOUVER, Feb. 25, 2016 /CNW/ - TIO Networks, (TSX-V: TNC) ("TIO"), North America's leading cloud-based bill payment processor, is pleased to announce it has been selected as one of the top 10 best performing technology stocks on the TSX Venture, securing a top spot on the 2016 TSX Venture 50.
"TIO is honoured to be selected as one of the best performing companies on the TSX Venture for this year," said Hamed Shahbazi, CEO of TIO Networks. "We have been very encouraged by the strong support we've received from analysts and shareholders. We feel that is a clear validation of TIO's organic and inorganic growth plan."
The 2016 TSX Venture 50 ranking is comprised of 10 companies from five industry sectors: mining, oil & gas, technology & life sciences, diversified industries and clean technology. Companies selected are judged on the criteria of market capitalization, growth, share price appreciation, trading volume and analyst coverage.
TIO ranked second overall in the technology sector with a market capitalization growth of 156 per cent, or over $81 million. From December 2014 to December 2015 TIO's share price appreciated by 147 per cent and was covered by seven different analysts.
Watch the 2016 TSX Venture 50 video profiles at www.TSX.com/Venture50
About TIO Networks
TIO Networks is a cloud-based multi-channel bill payment processing and receivables management company, 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 65,000 endpoints in its processing network, TIO symbolizes fast, convenient, and secure access to expedited bill payment services.
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