Securus Technologies has recently announced that they have reached an agreement to purchase government payment giant, GovPayNet. This acquisition is just the latest in a number of acquisitions that the inmate technology company has made in the past several years. President and CEO of Securus, Bob Pickens, is excited about the move, saying that it will now allow the company capability to process over 40 million transactions annually. It will allow the company to provide their existing customers with a wider suite of products. GovPayNet CEO, Mark MacKenzie, will stay on as the leader at the company and is excited to see their growth potential expand.
Securus Technologies was founded in 1986 and provides inmate technology services to prisons, correctional facilities, and government public safety agencies. They currently serve over 3,500 agencies across the United States. The company is headquartered in Dallas, with three other regional offices nationwide. This acquisition is the latest in over 20 different transactions that Securus has completed in the past several years. GovPayNet provides payment processing solutions for debit and credit transactions to over 2,300 government agencies. Some payment services they provide are tax payments, traffic fines and fees, probation fees, and bail payments. They have a market share that covers over 36% of counties in the United States. The company is headquartered in Indianapolis, Indiana and has been in business since 1997.