Securus Technologies called a presser on 14th of April 2017 to announce the signing off on the deal to acquire JPay. The top brass agreed on a definitive stock trade of agreement as they relinquished control of the prisons payment tech company, JPay. JPay has a solid presence in the American prison industry. Coming into the sale, JPay operated in over 33 correctional facilities in the US where they provided electronic payments solutions, call and email support. In some instances, the tech company had exclusive tenders to sell hygiene and personal care products to the thousands of inmates in the 33 prisons.
Modernizing American Prisons
The CEO of Securus Technologies noted that the multi-million deal had effectively thrust his company to the very top of the prison service food game. No other service provider in the nation could match the broad array of options given to Securus’ customers. Rick reiterated his company’s commitment to modernizing the entire American prison system using high-tech gadgets and creative security solutions. CEO Smith opened up about why they’d decided to chase after the tech company. Rick had always been attracted to integrity, innovation, and experience possessed by JPay.
Smith’s counterpart at JPay, CEO Ryan Shapiro sounded equally as ecstatic at the merger agreements. Ryan expressed a great deal of optimism by remarking that with the support of Securus, the American prison industry ought to brace itself for more startling innovations in the coming years. Shapiro also thanked teams from both companies for their valuable input towards making the acquisition deal successful.
In an effort to prove just how efficient Securus systems are, the CEO organized a research project. Securus’ customers were asked to write in and state the problems that went unaddressed inside the prisons. Rick got an overwhelming response that saw hundreds of prison staff come clean about illegal activities being conducted by their mates. The research also revealed cases of drug peddling, arms trafficking and other undesirable activities that ostensibly took place right under the noses of the people in charge of the prisons. The research was also used to introduce safety and security measures to seal off the loopholes.
CEO Rick Smith
With several Masters Degrees in Mathematics, Engineering, Business Administration and Associate degree from New York University, University of Rochester and Rochester Institute of Technology respectively, Rick has the necessary expertise needed to run the firm. Rick’s held high profile tenures in several companies such as Eschelon Telcom where he served as a CFO, Global Crossing North America Inc. as well as serving on the Board of Integra Telecom Ltd. Securus continues to scoop medals and awards for the exemplary job they do to improve the quality of life for the inmates doing time in the American correctional facilities. Here’s a link to the Securus official website.