VC-backed TIO Networks completes Globex Financial Services acquisition
TIO Networks Corp (TSX-V: TNC), which is based in Vancouver, British Columbia and backed by U.S. venture and growth capital firm Inter-Atlantic Group, has closed its buy of Globex Financial Services Inc and its operating business Global Express Money Orders Inc. No financial terms were disclosed. Globex Financial Services is a provider of expedited bill payment services. Update: TIO Networks is an information technology company focused on processing bill payment transactions through a secure Internet-enabled platform. The company has been backed by Inter-Atlantic Group since 2008. The Globex acquisition was funded in part by an investment made last year by Core Innovation Capital.
6 January 2014•3 mins read
