Securus Technologies Continues Acquisition Binge

Dallas, Texas is the home of the premiere prison technology company, Securus Technologies. The company announced in early January 2018 that they have reached a deal to purchase payment processor, GovPayNet, for an undisclosed amount of compensation. The deal comes just 2.5 years after the company acquired fellow processor, JPay, in July of 2015. This now makes Securus Technologies the number one processor of government debit and credit payments in the United States. They will now have the capability to process over 4 million credit and debit payments a year. CEO of GovPayNet, Mark MacKenzie, will stay on board as CEO of the company that is headquartered in Indianapolis.

 

The move is the latest in a large number of company acquisitions for Securus, as the company continues to expand its market share. CEO Bob Pickens is excited about the acquisition and he believes that the move, along with the 2015 purchase of JPay, will create record revenue for the prison technology company.

 

Founded in 1986, Securus Technologies provides a host of civil and criminal justice technology services to over 3,500 correctional facilities and 1.2 million inmates in the United States. Some of the services they provide include inmate self-service, phone and video conferencing, payment processing, biometric analysis, inmate and parolee tracking, among a host of others. The company employees over 1,000 people across four offices in the southern United States.