PayLease Names Dave Dutch as New CEO

SAN DIEGO, CA – September 7, 2011 -- PayLease LLC, a leading electronic payments platform and service provider for Property Management companies and Home Owner Associations, today announced the hire of Dave Dutch as CEO. In this role, Dutch will manage all aspects of business operations for the company and will be responsible for driving its continued track record of triple-digit growth.

Dutch joins PayLease from his most recent role as Executive Vice President of CDS Global, a leading international provider of transaction management services, processing over 1 billion outbound billing and inbound payment related communications annually. He led the company's efforts in market growth and expansion and brings a wealth of experience to the PayLease team.

Prior to CDS Global, Dutch held executive leadership roles in sales, marketing, operations and financial management with various companies in the software and telecommunications industry, including CoreComm, Reynolds & Reynolds, Networkfleet, Level 3 Communications and Vignette.

"We are thrilled to have Dave join the PayLease team," says Ty Kalklosch, co-founder and head of sales for PayLease. "It was important that we found someone who shared our vision and passion for building the company for the next phase of growth. Dave has a proven track record of delivering high impact results for companies during critical growth stages. His leadership skills, high energy personality and goal-oriented approach will make a great addition to the team."

"I see tremendous opportunity at PayLease and I am jazzed to be in a position to lead this already successful and growing company into the future," says Dutch. "The billing and payment management space has reached an exciting juncture, with electronic billing and payment technologies changing the way consumers interact with their billers. PayLease is well positioned to be a transformative service provider in this new era."

Before embarking on his corporate career, Dutch served for eight years as a Special Operations Officer in the United States Navy. He has an undergraduate degree from the United States Naval Academy and an MBA from The Broad School at Michigan State University.

PayLease was founded in 2003 by Ty Kalklosch and Yann Phung and was recently ranked 344th on the Inc. 500 list of fastest growing private companies in the U.S. Mainsail Partners, a leading growth equity firm, invested in PayLease in 2010.

About PayLease, LLC:

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 resident 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. PayLease has been consecutively featured in The Inc. 500 List and Red Herring’s Top 100 Technology Startups. For more information, please visit www.PayLease.com.

About Mainsail Partners

Mainsail Partners is a San Francisco-based growth equity firm focused on investing in successful "bootstrapped" businesses and building them into great companies. Mainsail partners with entrepreneurs and management teams to accelerate growth through operational expertise and targeted capital investments. Three of Mainsail's portfolio companies were recently ranked on the 2011 Inc. 500|5000 list of fastest growing private companies in the U.S. For more information, go to www.mainsailpartners.com.

Media Contacts:

Ben Truehart
Director of Marketing & Product Management
858.527.7762
btruehart@paylease.com

Chris Cassidy

Mainsail Partners
415.391.3150