Securus Technologies Company and JPay are teaming up to form a force for good. The two companies are combining to provide the ultimate platform for digitized entertainment, communications, payments, and education to the correctional space.
Securus Technologies Company is announcing today that it has signed a memorandum of purchase with JPay, Inc. this is a definitive Stock Agreement Purchase to acquire the company. JPay is one of the leading technology companies in the correctional space that offers digital payments as their biggest product. The company introduced automatic email, payments, and the host of educational and entertainment applications to the correctional market. The company has its operations in more than 33 correctional facilities in the United States.
The Chief Executive Officer of Securus Technologies Company, Rick Smith, says that this transaction will propel Securus Technologies Company to become one of the fastest growing technology companies in the correctional industry. For the company, the inclusion of JPay into their system means the production of different services into their system. For this reason, the company will increase their addressable market. The company will offer the software-based solutions to the inmates. According to the Chief Executive Officer of Securus Technologies Company, the company has been admiring the services provided by JPay.
According to the President of JPay, the company has always wanted to expand their footprint. For this reason, the opportunity presented to them through the acquisition as one of the best ways form a better community. The main focus of the company is to develop high-end products that gain attraction on a massive scale. He is thrilled to combine this team as the most presentable gift to Securus Technologies Company.