Property Solutions Ranked 45th Fastest Growing Company on Deloitte's 2010 Technology Fast 500
October 21 2010
Mutlifamily software provider has a five-year revenue growth of 2,810 percent .
PROVO, UT--Property Solutions International, Inc. today announced that it ranked number 45 on Technology Fast 500, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. Property Solutions grew 2,810 percent during this period.
Property Solutions' CEO, Dave Bateman, credits the company's large product portfolio and ability to adapt with the company's 2,810 percent revenue growth. "Our creativity and willingness to immediately respond to client requests with new software solutions and tools has been a key part to our continued growth," said Bateman.
Overall, Technology Fast 500 award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent. "Property Solutions and the other 2010 Technology Fast 500 winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends Property Solutions for this impressive accomplishment."
Property Solutions was founded in 2003 by Bateman and President Ben Zimmer after winning a national MBA business plan competition sponsored by Fortune Small Business. Today, Property Solutions is the nation's largest provider of website portals and payments for the multifamily industry.
"Property Solutions has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
About Property Solutions
Founded in 2003, Property Solutions International, Inc. is the nation's largest provider of apartment community websites and a leading developer of innovative property management software tools. The company offers a variety of web based and mobile solutions for leasing, rent collection, and maintenance request processing. Property Solutions' web portals and electronic payment processing tools offer the advantage of full data integration with most widely-used property management software packages. For more information, go to www.propertysolutions.com.
About Deloitte Technology Fast 500
The Deloitte Technology Fast 500 program recognizes the efforts of companies to innovate, overcome obstacles, and systematically defy the odds in its annual ranking of the 500 fastest-growing technology companies in the United States and Canada. The program is based on percentage revenue growth from 2005 to 2009 and recognizes all areas of technology and includes both public and private companies. For additional detail on the Technology Fast 500 including selection and qualifying criteria, visit www.fast500.com.