San Diego, Calif.-based PayLease, a payments and billing provider for the property management and HOA industry, announced early in March that it has appointed a new Chief Executive Officer. Bill Nunan has replaced PayLease’s former CEO Dave Dutch, who served at the helm for seven years. Dutch will transition to a role as Executive Chairman of the board of directors and will maintain a significant influence in guiding strategic initiatives at the software company.
Since May 2017, Nunan had served as the fifteen-year-old tech firm’s Chief Operating Officer. Before working with the SaaS company, he held various roles at Sabre Airline Solutions, including Senior Vice President of Delivery and Care and Vice President of Marketing, Portfolio Management and Strategy. Previously, he led teams at companies including Clean Sweep Venture Services, vAuto: Cox Automotive, The Reynolds and Reynolds Company, JD Power and Associates, and CoreComm. He received an MSE in Structural Engineering from the University of Michigan and an MBA from Michigan State University.
PayLease, a portfolio company of Silicon Valley-based private equity firm Vista Equity Partners, provides easier, more cost-effective means for property managers and association managers to accept rent and HOA dues online. Since its founding in 2003, the company has grown to list thousands of property management firms nationwide as clients. Leading tech-focused PE firm Vista Equity Partners, which manages over $31 billion in cumulative capital commitments, bought the software provider in June 2017.
“This is a pivotal time for PayLease and I am honored to step into the role of CEO,” stated 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.”