Securus Technologies has recently grabbed the headlines by signing a lucrative acquisition agreement to purchase JPay Inc. The enterprise is widely considered to be a top company that specializes in educational and entertainment apps, email and electronic payments to the highly populated prison system across the U.S. Currently operating in 33 prisons, the acquisition is expected to trigger a large increment on the target market with a view of generating profits.
While addressing a congregation of stakeholders and journalists, Rick Smith, the CEO of Securus Technologies, hailed the new acquisition which puts Securus in a unique position of dominating the market for years to come. With such an acquisition, Securus can virtually offer any correctional institution with a tech-based program needed to run a modern penitentiary effectively. JPay has long been touted to become a dominate force in the industry courtesy of its indomitable success. Timing, however, has proven to be an integral component that facilitated such an excellent combination of products and skilled teams. According to Smith, JPay serves as the ultimate choice if you want the best products at the best price while also reducing recidivism.
JPay’s CEO, Ryan Shapiro, echoed his counterpart’s sentiments by emphasizing the company’s commitment to expanding their footprint while also delivering tremendous value to inmates, family relatives and the prison staff. In simpler terms, Securus solely intends on developing innovative products that make a lasting impression on users on a large scale. Such an excellent reputation could not have been possible without the immense contribution of its highly talented team adept at developing products that make penitentiaries more efficient and safer. Moreover, the transition from incarceration to rehabilitation should become a fast process before prisoners can be released.
The benefits of valuing an efficient team cannot be stressed enough. As a token of appreciation, Securus fully intends on running JPay as a subsidiary of Securus while also retaining the current staff to its payroll. However, Securus’ vast resources should come in handy when tweaking minimal changes within the company’s structure.
Profile of Securus Technologies
Securus is arguably one of the leading inmate communications service providers with an impressive portfolio spanning across 1,500,000 prisoners in more than 2,600 law enforcement and prisons across America. Since its inception, the Dallas-based company has strived to provide biometric analysis, incident management and much more. Read more articles at HealingMagic.Net
Rick Smith’s Background
Rick Smith’s professional experience dates back to 1998 when he had served as COO of Eschelon Telecom Inc. and deputy positions at Global Crossing North America. His meteoric rise as CEO at Securus is a testament to his insightful leadership and keen business acumen.
Smith is an alumnus of State University of New York with a bachelor’s degree in Engineering and an MBA from Rochester University.