According to the article on Securus Technologie’s website, Securus Technologies announced that it had signed a definitive SPA (Stock Purchase Agreement) of JPay Inc. acquisition. J pay is the market-leading technology company that introduced email, electronic payments, as well as a host of entertainment plus apps that are educational-related, to the corrections space. It currently operates in more than 33 state prison systems.
The CEO and chairman of Securus Technologies, Rick Smith, said that the transaction pushes Securus Technologies into the fastest growing sections in corrections; email, payments, and inmate tablets. They had announced the transaction in 2015; since that time, they secured the debt as well as equity funding plus necessary approvals from Federal regulatory bodies and the state and closed their transaction. They now offer virtually anything that’s high-tech/software based that correctional agencies require in operating a modern jail or prison effectively and read full article.
They have liked JPay as a force that is innovative in their industry for many years, and have been watching their steady success. Smith added that it was a convenient time to combine their products plus teams. If someone wants the best products, purchased at the best price, and you need a product set providing excellent security while ultimately decreasing recidivism; there’s now a clear option that’s including Securus and JPay and Rick Smith’s lacrosse camp.
According to research, reporters have been capable of allocating emails and producing blogs. The e-mails relate to hope as well as making imprisonment a safer and better option to leaving people free to commit to creating horrifying situations. Smith claims Securus as a strong investment, proposals of service and product development are released at least every week to help corrections agencies as well as law enforcement to solve crimes and also prevent further social problems in the current society and what Rick Smith knows.
In fact, Rick Smith comments Securus are receiving thousands of letters as well as e-mails concerning customer appreciation about how Securus has continued providing services that are adequate – help keep society, including the inmates together with their families safer than before. Moreover, Smith added that creating safety into the DNA of a company has always been a part of Securus‘ honor of protecting and serving the community (being responsible socially).
Smith has an educational background that is solid:
- He holds an associate’s degree from RIT (Rochester Institute of Technology)
- He has a bachelor of engineering degree from SUNY
- Holds a Buffalo as well as a master’s engineering from SUNY
- Also, he attended U of R, where he received a Master of Business Administration degree from their Simon School.
From the years 1972 up to 1998, Smith held a series of roles with a company called Global Crossing North America. His roles included CIO and controller. Also, he was Frontier Information Technologies president, Network Plant Operations Director, and vice president of Midwest Telephone Operations and resume him.