SOURCE: PayLease

PayLease

August 30, 2011 11:03 ET

PayLease Ranked Again in Inc. Magazine's Annual List of America's Fastest-Growing Private Companies -- The Inc. 500

Leader in Online Transaction Management Ranks 344 Overall on the 2011 List Climbing 150 Places From the Previous Year With Three-Year Sales Growth of 974%

SAN DIEGO, CA--(Marketwire - Aug 30, 2011) - PayLease LLC, an online service provider that streamlines the process of online payments for property management companies, today announced they have been ranked on the prestigious Inc. 500 list for the second consecutive year. PayLease secured the 344th position, climbing an impressive 150 spots since first placing in 2010.

"PayLease is honored to rank on the Inc. 500 list for a second straight year," said Ty Kalklosch, president of PayLease, Inc. "Even while the economy has been on a roller-coaster ride, PayLease continues to see month-over-month growth. We attribute this not only to the tremendous value we provide our customers by simplifying the online payment process, but also to our team's expertise, dedication and 'nose to the grindstone' attitude to push ahead and lead our space."

PayLease is a payment processing company specifically targeting the property management industry including residential, homeowner association and commercial management clients. The company currently processes payments for over 2000 property management companies throughout the US ranging in unit size from 100 to over 1.2 million units while maintaining 95 percent client retention.

"We would like to congratulate our partners at PayLease on this prestigious accomplishment," said Gavin Turner, founding Partner at Mainsail Partners. "We have been impressed with this team's ability to maintain a relentless focus on exceeding customer expectations while growing at an incredible pace." Mainsail, a leading growth equity firm for "bootstrapped" companies, invested in PayLease in 2010.

The 2011 Inc. 500, unveiled in the September issue of Inc., is a group of companies that are smaller but much faster-growing than last year's crop. Aggregate revenue is $10.5 billion, with a median three-year growth of 1,275 percent. The companies on this year's list employ more than 46,000 people and generated over 35,000 jobs in the past three years. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com/500.

About PayLease, LLC:
PayLease is a privately held corporation located in San Diego, California. PayLease's mission is to streamline property management payments and collection processes while providing world class customer service throughout the United States. Through technology and years of experience in the residential and commercial property industry, PayLease has created a payment system that specifically caters to the property management industry. For more information, please visit https://www.paylease.com

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