Just Another Acquisition For Securus Technologies

As one of the top prison technology companies in the world, Securus Technologies has learned a lot since they were founded in 1986. One thing they have discovered is that sometimes joining company with your competition is the best way to beat them. On January 4th, 2018 the company announced that they had made yet another acquisition by purchasing government payment processor, GovPayNet. This was a deal that further aligned them with the July 2015 acquisition of another processor, JPay. With the addition of GovPayNet, the company has now positioned themselves as the largest government debit and credit processor in the United States, able to process over 4 million payments annually.

 

Securus Technologies has its corporate office in Dallas, Texas and three other office locations in the southern United States. Over the past 15 years, the company has made over 20 acquisitions as they continually grow their market share. In addition to providing payment processing the company provide technology-based solutions for inmate and parolee tracking, inmate self-service, incident management, phone and video conferencing, and many more.

 

The company has current contracts with over 3,500 corrections facilities and provide a wide range of services to 1.2 million inmates in North America. As part of the acquisition, GovPayNet will continue to operate under their current name and CEO Mark MacKenzie will continue his current role. The President of Securus is Bob Pickens and the Chairman/CEO is Rick Smith.