Securus Technologies Poised for Massive Growth
The new year brought about an exciting acquisition for Securus Technologies, as the company has agreed in terms to acquire GovPayNet, a leading government payment processor. The deal is one of several acquisitions by Securus over that past few years, and comes on the heels of their july of 2015 acquisition of fellow payment giant, JPay. CEO of Securus, Bob Pickens, expects the deal to give the company the capability to process upwards of 40+ million payments per annum. This sets the holding company and their subsidiaries up for future growth and both sides are excited about what the future will bring.
GovPayNet’s CEO, Mark Mackenzie, said of the deal: “We are looking forward to expanding our capabilities under Securus Technologies.” His title as CEO will continue after the acquisition.
Securus Technologies is a holding company that specializes in providing unique and cutting-edge technology solutions for government agencies, and in particular, law enforcement agencies and corrections facilities. It was found in 1986 and has over 20 subsidiaries to include, but not limited to JPay, Telerus, CellBlox, T-Netix, and Evercom. These companies and others provide payment processing, inmate and parolee tracking, inmate self-service, video surveillance and conferencing, and more to over 3,500 law enforcement agencies and corrections facilities. Their services are used by over 1.2 million inmates in prisons and jails all over North America. The company is based in Dallas, with four other offices in the U.S.