PayLease Appoints Bill Nunan as New CEO to Lead Next Phase of Growth

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Dave Dutch to Transition from CEO to Executive Chairman of the PayLease Board of Directors

Bill Nunan , PayLease's New CEO

PayLease, a leading payments and billing provider for the property management and HOA industry, today announced that Bill Nunan will become the Company’s Chief Executive Officer effective March 1st. Dave Dutch, PayLease’s CEO since 2011, will transition to Executive Chairman of the PayLease Board of Directors, and will continue to help guide the Company’s strategic initiatives.

Nunan, who has been PayLease’s President and Chief Operating Officer since June 2017, has an extensive track record of leading and scaling global technology companies. As CEO, he will leverage this expertise to drive PayLease’s next phase of growth and market expansion.

“This is a pivotal time for PayLease and I am honored to step into the role of CEO,” said Nunan. “Between our strong reputation in the property management industry and the exceptional talent of our employees, PayLease is well-positioned to capture an even greater market opportunity. We are at this junction thanks to the vision and leadership of Dave Dutch over the past seven years, and I know the entire PayLease team is deeply indebted to his contributions,” Nunan added.

Departing CEO Dave Dutch said, “I am incredibly proud of the strides PayLease has made since I started in 2011. We’ve refined and expanded our solutions, and experienced unprecedented growth. Despite the constant growth and change, PayLease’s company culture and the support we deliver to clients hasn’t wavered. Having known Bill for over 20 years, I am confident that he is the best person to carry on this momentum. I look forward to remaining actively engaged with PayLease and supporting Bill in his new role as CEO.”

“We are excited to welcome Bill to the PayLease family,” said Alan Cline, Principal at Vista Partners, the technology investment firm with majority ownership of PayLease. “He will lend valuable expertise as PayLease continues on its upward trajectory,” he added.

About PayLease

PayLease provides online payments, billing, and utility expense management tools to HOAs and property management companies. Property managers use PayLease to improve their business’ operational efficiencies and boost net operating income. Our solutions are easy to use and are bolstered by the highest levels of security and customer support. Since our inception in 2003, PayLease has grown to serve thousands of property management companies nationwide and is now among the fastest growing technology companies in the United States. For more information, please visit http://www.PayLease.com.

About Vista Equity Partners

Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland with more than $31 billion in cumulative capital commitments, currently invests in software, data and technology-enabled organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit http://www.vistaequitypartners.com.

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Jennifer Stahlman
PayLease
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PayLease LLC
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