Rick Smith was appointed to the helm of Securus Technology as CEO on June 23, 2008.Rick Smith was appointed to the top most position because he has vast experience in the telecom sector and has served in a series of position in several disciplines at frontier corporations including finance, operations, ICT and business development among many others.
Securus Technology as the name suggests is a technological firm whose headquarters is based in Dallas Texas. The Firm provides a broad range of technical services to more than 1,000,000 inmates and 2,600 corrections facilities, law enforcements and public safety agencies in areas around North America. Under Rick Smith leadership, the company has been in the forefront in providing the corrections community with the most advanced type of technology and services that aids in incident management, emergency response, communications, biometric analysis, investigation, inmate self-service, monitoring and public information.
Smith before joining Securus was working as the CEO of Eschelon Telecom, Inc, a company that he worked for nine years. At Eschelon Telecom Smith had a tremendous career and achieved a lot. Among his achievement is that he was able to grow revenue from approximately $30 million dollars to about $ 350 million dollars. He also grew EBITDA to around 80 million dollars translating to a CAGR of 48%. In addition, Smith led Eschelon Telecom to a successful IPO in the year 2005.
Smith has a rich academic background and holds an associate degree from Rochester Institute of Technology and a Bachelor of Engineering Degree from the State University of New York, Buffalo. Smith also holds a Masters in Engineering from the State University of New York. Moreover, Smith attended the University of Rochester where he was awarded an MBA from their Simon School.
Some of the organizations that Rick has worked for include Global Crossing North America Inc, where he worked as a controller and chief information officer. Smith also worked as President for Frontier Information Technologies, Vice President of Midwest Telephone Operations, Financial Management Vice President and Director of Business Development at Network Plant Operations.
In July 2015 Securus Technology signed a definitive Stock Purchase agreement to acquire JPay Inc. JPay Inc is the leading technology company that deals with electronic payments, email, and several educational and entertainment related applications. JPay provides their services to the corrections arena and operates over 33 state owned prison systems. The signing of the agreement with JPay is a great boost to Securus as it has steered the firm to become the fastest growing segments in corrections payment, email and recently inmate tablets.
Rick Smith Became Securus Board Chairman in January 2009. Smith has helped transformed Securus to be one of the largest Correctional technology companies with a larger set of products and services. Under his leadership, Securus has been able to invest over $600 million in technologies, patents, and acquisitions.