PayLease Recognized as One of San Diego’s Fastest Growing Private Companies

SAN DIEGO, CA, July 16, 2012 – PayLease, LLC (www.paylease.com), a leading provider of electronic payments for the property management industry, today announced that it made the San Diego Business Journal’s list of 100 Fastest Growing Private Companies for the third straight year. PayLease ranked number 17 on the list, marking its third straight year finishing in the top 20.

Companies on the list are ranked by percentage of revenue growth over three years (2009 to 2011). In order to qualify, private companies must be headquartered in San Diego, CA, exhibit revenue growth over the past three years and have compiled revenues of at least $250,000 in 2009.

In 2011, PayLease processed over a billion dollars in rent payments and HOA dues and almost tripled its staff. With the popularity of electronic payments in the property management industry rapidly increasing, PayLease expects to see continued growth over the next several years.

PayLease has also been recognized on a national level because of its growth for the past two years by publications like Red Herring and Inc. Magazine.

About PayLease, LLC

PayLease, LLC (www.paylease.com), 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. For more information, please visit www.PayLease.com.

Media Contacts:
Ben Truehart
Director of Marketing & Product Management
PayLease LLC         
858.527.7762
btruehart@paylease.com