Zego(formerly PayLease) Strengths, Domain Expertise, and Key Differentiators
PayLease (Zego) is a provider of online payments, resident billing, and utility expense management tools for HOAs and property management companies. Their solutions simplify the workflow for property managers.
Zego(formerly PayLease) Recent Developments
In September 2021, Zego™ (Powered by PayLease) and CheckAlt, provider of receivables management, payment, and deposit processing solutions in the U.S., today unveiled a new strategic partnership to launch Zego Pay Lockbox: An all-new service that helps customers outsource paper-based payments handling, propelling them forward on the path towards 100% digital payments with Zego’s platform.
In February 2020 PayLease rebranded to Zego and launched a new corporate website at gozego.com.
In 2019, PayLease released a new business intelligence and reporting platform, called Portfolio Insights Dashboard. The Portfolio Insights Dashboard highlights critical operational metrics and provides detailed charts and reports, giving property owners and managers a thorough understanding of utility expense and recovery performance trends across their portfolio.
Zego(formerly PayLease) Mergers and Acquisitions (M&A) Activities
In May 2021, Global Payments Inc. (NYSE: GPN), a provider of payment technology and software solutions, announced an agreement to acquire Zego from Vista Equity Partners.
In May 2019 PayLease has acquired Zego, the hub for smarter apartment living. Through this acquisition, Zego’s technology will be integrated into PayLease’s best-in-breed Payments, Resident Billing, and Utility Management platform to enable residents to pay rent & utilities, submit work orders, communicate with staff, receive package notifications, access third-party tenant services, and more via one consolidated mobile app.
In 2017, Vista Equity Partners acquired a majority stake in San Diego-based PayLease, a payment and billing provider for the property management and HOA industry. PayLease’s previous backer Francisco Partners retained a “significant” ownership stake in the company.
Zego(formerly PayLease) Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Zego(formerly PayLease) applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Zego(formerly PayLease) and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Zego Pay, Zego Smart, Zego Utility, Zego Mobile Doorman customers.
Zego(formerly PayLease) Overview
Ownership: - Vista Equity Partners
Number of Employees: 300
Key Verticals: Real Estate,
Zego(formerly PayLease) Key Enterprise and Cloud Applications
Zego Pay, Zego Smart, Zego Utility, Zego Mobile Doorman
Zego(formerly PayLease) Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Zego(formerly PayLease) Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Zego(formerly PayLease) Enterprise Applications Revenues By Functional Markets, $M:
Zego(formerly PayLease) Enterprise Applications Revenues By Verticals, $M:
Zego(formerly PayLease) Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Zego(formerly PayLease) Direct vs Indirect sales
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Zego(formerly PayLease) Customers - Breakdown by Geo, Size, Vertical and Product
No. of Zego(formerly PayLease) Customers: 6000
No. of Zego(formerly PayLease) Enterprise Applications Customers: 6000
No. of Zego(formerly PayLease) Cloud Customers: 6000
No. of Zego(formerly PayLease) Cloud Subscribers: x
There are a total of 6000 clients and 12 million residents who with the help of PayLease (Zego) software solutions manage their property billing. Among PayLease customers are BMPI Properties, AC Lewis Management, EZR Management, SAMI, Boutique Apartments, JSM Apartments, Hilton Realty, Franklin Management, and many more.
Zego(formerly PayLease) Market Opportunities, M&A and Geo Expansions
The Utility Expense Management solution, an expense management system enables users to streamline utility payments and recover vacant unit costs; Resident Billing solution, enables users to combine rent, and utilities and ancillary fees into a single monthly bill; and Online Payments, is an online payments solution that provides Website integration, accounting integration, and comprehensive reporting services for property managers.
The company also provides Check Scanning, a check scanning solution that enables property managers to convert checks and money orders into electronic transactions; CashPay solution that enables residents to electronically pay rent with cash; and submetering program. It serves multifamily, single-family, homeowners association, and corporate housing markets.
Zego(formerly PayLease) Risks and Challenges
A recent acquisition by Vista could influence to the existing Go-To-Market Strategy.
Zego(formerly PayLease) Ecosystem, Partners, Resellers and SI
Mostly direct sales.
Zego(formerly PayLease) Cloud Infrastructure Insights
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- Zego(formerly PayLease) Public Cloud and Infrastructure (IaaS)
- Zego(formerly PayLease) Platform (PaaS)
- Zego(formerly PayLease) Application Delivery
- Zego(formerly PayLease) Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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