Big Moves for Securus Technologies

According to a news release on January 4, 2018, Sercurus Technologies has acquired GovPayNet, a premier payment processing company based in Indianapolis, Indiana. GovPayNet provides debit and credit processing for a bail payments, bail, traffic and criminal fines, property and personal taxes, and other payments paid to government agencies. Their present contracts are with over 2,300 agencies that cover over 26% of the counties in the United States. This move further aligns Securus with its 2015 acquisition of payment processor, JPay. Together, these moves will allow Securus to provide debit and credit processing for in excess of 4 million payments per year, which makes them a leader in the industry. This move makes GovPayNet a subsidiary, so they will maintain their headquarters in Indianapolis with Chief Executive Officer (CEO) Mark Markenzie staying in his position.

 

Securus Technologies operates as a holding company for over 20 subsidiaries that provide technology-based services to government agencies, jails, prisons, and the like, a over North America. They have contracts with over 3,500 corrections facilities to provide inmate self-service, telecommunication, email, telephone and video conferencing, commissary account management, incident and emergency management, biometric analysis, inmate and parolee tracking, and a host of other services.

 

They have been in operation since 1986 with their headquarters in Dallas, Texas. They employee over 1,000 people spread between their headquarters in Dallas, three other locations in Texas and one location in Atlanta, Georgia. Securus is accredited by the Better Business Bureau (BBB) of Dallas. CEO Rick Smith and Chief Operating Officer (COO) Robert “Bob” Pickens are dedicated to providing more technologically advanced services, and this move did just that. The terms of the deal were not disclosed, per company policy.