PayLease, a leading provider of electronic rent payments for the property management industry, today announced it has been included on Deloitte’s Technology Fast 500, a prestigious award that provides a ranking of the fastest growing technology companies in North America. With an impressive 1659% revenue growth, PayLease was ranked by Deloitte as North America’s 77th fastest growing technology company.
The Technology Fast 500 is conducted by Deloitte & Touche LLP and examines growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
“To be included on Deloitte’s Fast 500 is a tremendous honor and is reflective of the demand for PayLease’s unique payment solutions for the the property management industry,” said PayLease CEO, Dave Dutch. “PayLease’s cost-effective, flexible solutions, along with our reputation for top-notch customer service continue to drive our growth,” he added.
“We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth,” said Eric Openshaw, Vice Chairman of Deloitte LLP. “These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
PayLease, is a leading electronic payments provider for the property management industry, specifically targeting the multifamily, single family, HOA and commercial markets. PayLease provides property managers the ability to accept and manage rent payments and HOA payments through a secure online interface. With PayLease, residents are able to pay their property manager using an E-check or with a credit card. Since its inception in 2003, PayLease has grown to serve thousands of property management companies nationwide and is among the fastest growing technology companies in the United States.