Dallas-based prison technology giant Securus Technologies recently announced that they have purchased GovPayNet, a payment processing company catering to the needs of government agencies. This acquisition gives Securus Technologies another piece of the pie when it comes to providing government agencies a one-stop solution. GovPayNet will continue operating under its current name but the expanded capabilities that go along with this acquisition will increase their bottom line. Securus’ already successful JPay payment processing will be enhanced by the infrastructure already in place by GovPayNet. Securus CEO, Bob Pickens, and GovPayNet CEO, Mark MacKenzie are looking forward to the two companies combining their services.
Securus Technologies was started in 1986 and over the past 30+ years, has become the premier player in the prison technology sector. They provide technological solutions for jails, correction facilities, payment services, inmate self-service, biometric analysis, and many other services. This deal is the latest in over 20 different acquisitions that Securus has secured over the past decade. The company provides its services to over 3,500 government agencies and over 1.2 million inmates. GovPayNet provides credit and debit processing for over 2,300 government agencies and their services cover over 26% of counties in the United States. The combined capabilities will further establish Securus Technologies market share in the space.