SAN DIEGO, CA - PayLease, Inc., a leading online payment company serving the commercial and residential property management industry, has been selected as one of Red Herring's Top 100 Technology Startups in North America. Red Herring announced its Top 100 award in recognition of the leading private companies from North America, celebrating these startups' innovations and technologies across their respective industries.
PayLease is a payment processing company with a specific target market in the property management industry including residential, homeowner association and commercial management clients. The company currently processes payments for over 1100 property management companies throughout the US ranging in unit size from 100 to over 1.2 million units while maintaining 95 percent client retention.
Red Herring's Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
"We are extremely honored to have been included in Red Herring's Top 100 in North America among such promising startups," said Ty Kalklosch, president of PayLease, Inc. "Inclusion on this year's list is a strong testament to our growth, teamwork and continued demand for online payment solutions for property managers world-wide."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe PayLease embodies the vision, drive and innovation that define a successful entrepreneurial venture. PayLease should be proud of its accomplishment, as the competition was very strong."
PayLease is a privately held corporation located in San Diego, California. Since incorporating in May 2003, PayLease has grown to now serve clients in nearly all 50 states. PayLease's mission is to streamline lease 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.
Source: PayLease, Inc.