Securus Technologies has acquired over 20 subsidiaries in the past decade, so the move they announced in early January should not come as a surprise. The company announced that they have acquired payment processor, GovPayNet, and the terms of the deal were undisclosed. The move creates momentum in the payment processing sector for Securus, who is estimated to now have the capability to process over 40 million payments on an annual basis. The move coincides with the company’s 2015 deal made to buy JPay. Mark MacKenzie is the CEO of GovPayNet and he looks forward to combining forces with JPay to provide a better quality product for their over 2,300 customers. The company was formed in 1997 and has over 20 years of experience working with a number of local governments in 35 states.
Securus Technologies is based in Dallas, Texas and is considered to be the leading provider of inmate technology-base products in North America. They wholly-own over 20 subsidiaries that provide thousands of products to over 3,500 correctional facilities and local law enforcement agencies in the United States and Mexico. They provide biometric analysis, cellular phone blocking technology, inmate self-services, parolee tracking, and more. Founded in 1986, the company has over 1,300 employees in four locations in Texas and Georgia.