Securus Technologies, Inc. to Acquire JPay Inc.
Securus and JPay are teaming up to provide a one-of-a-kind platform for communications, digitized payments, education, and entertainment in the correctional market. Securus Technologies has announced the signing of the Agreement Stock Purchase to acquire JPay. JPay is one of the leading solutions providers in technology. The company has introduced email, electronic payments, education, and host-related applications to the correctional markets. The company operates in over 40 prisons in the country.
Rick Smith, the CEO and Chairman of Securus Technologies, said that this transaction would propel the company into the fastest growing corrections segments in the country through email, payments, and inmate tablets. According to Rick Smith, the company has an increased leverage to offer any high-tech. Software-based solutions to the correctional market needed to operate a modern jail system. For many years now, Securus has admired the company’s services and the trend among the best. They have watched them continue to grow in success. This was the best time to combine efforts and make one solid company. The combination of teams and products will make Securus more productive in society. According to Rick Smith, there is a clear choice for you if you want the best products at best price without reducing recidivism.
JPay CEO, Ryan Shapiro, said that the company has always waited for an opportunity to expand their footprints. For every constituent, their products deliver the high-end value. All people receiving the services including inmates, prison staff, friends and families acknowledge their role in society. The primary focus of the company is to use the renewed leverage and develop groundbreaking products. While Securus keeps them in check, everything can happen according to plan. According to him, their teams of working professionals are never tired of inventions. They work tirelessly to achieve the vision of the company. They are happy that Securus values the company culture and management team.