San Diego, CA (PRWEB) July 23, 2014
PayLease, a leading provider of electronic payments for the property management industry, today announced that it was featured on the San Diego Business Journal’s list of Fastest Growing Private Companies. The firm ranked as the 23rd fastest growing company in San Diego out of 100. This is the fifth consecutive year that PayLease has appeared on the list.
Companies on the list are ranked by revenue growth from 2011 to 2013. To qualify for the list, private companies must be headquartered in San Diego, CA, be in business since the beginning of 2011, and have generated revenues in excess of $200,000.
Between 2011 and 2013, PayLease saw a 156% growth in revenue and increased the number of local full-time employees from 34 to 81.
With a recent majority investment from Francisco Partners, a global technology-focused private equity firm, PayLease is expected to see accelerated growth over the next several years. The investment will provide PayLease with a capital partner to support the company’s continued growth and product innovation.
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. For more information, please visit http://www.PayLease.com.