People don’t often think about how the prison system works. There are a lot of companies that supply products and services to correction facilities so that America is safe. Securus Technologies is one of those companies. Recently, Securus acquired JPay, another successful company that supplies services and products to prisons.
As far as anyone can tell, both sides are happy with the acquisition. Both CEOs have publicly spoken about their excitement to combine products and teams and create better products. Rick Smith, CEO of Securus, is most excited to be in a new segment of the industry, which is also one of the fastest growing.
For the past few years, Smith and Securus have admired JPay’s dedication and creativity. When the Stock Purchase Agreement finally happened, it immediately opened numerous doors that Smith never thought possible. He waited until JPay reached a certain success level because offering to bring them up to a higher level. Read more about Rick Smith Securus on glassdoor.com.
Upon hearing the generous offer, Ryan Shapiro, CEO of JPay, jumped at the opportunity to join a company as successful as Securus Technologies. While Smith sees more of the business side of the industry, Shapiro seems more focused on the human aspects. Shapiro’s most excited to bring better products to the prison staff, family and friends, and the inmates.
Shapiro went on to thank his team for their brilliant dedication to the company’s original vision. For the past few years, their relentless pursuit of developing the best products that make prison life safer and giving inmates better options to becomes better citizens has been the number one priority. Visit securustechnologies.com for more info.
As far as the actual acquisition goes, JPay will continue to operate as it normally does. Securus acquired JPay as a subsidiary, allowing JPay to continue with its mission. The benefit of this acquisition is that JPay now has access to Securus’ vast resources.
As a brilliant businessman, Rick Smith Securus acknowledges that the company is a strong investment. They’ve been offering prison communities products and services for years. They’re one of the largest companies in the industry, and they assist law enforcement and correction agencies on a weekly basis.
The overall mission of Securus is to keep the community as safe as possible. It’s about helping everyone involved in the corrections industry and their families. Both and Securus and JPay are focused on making the corrections industry safer and more effective.