PayLease, a leading online payments provider for the property management and HOA industry, today announced that it placed #154 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology companies in North America.
This is PayLease’s third consecutive year on the Technology Fast 500 list, thanks to a 694% revenue growth between 2009 and 2013. Overall, 2014 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013.
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest 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 2009 to 2013.
“To be featured on a list that includes major technology companies like Google, LinkedIn and Tesla Motors is awe inspiring,” said Dave Dutch, PayLease CEO. “Ten years ago, PayLease was little more than an idea and is now a leading payment processor for the property management industry. Each time we are featured on the Fast 500 list, I am reminded by the innovation and hard work our team has dedicated throughout the years.”
To qualify for the Technology Fast 500, 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.
“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
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. 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.