Securus Technologies announced recently that the company has agreed to terms to acquire payment processor, GovPayNet. The exact terms of the deal were not disclosed to the public, but GovPayNet will continue to operated under that name and CEO Mark MacKenzie will retain his role with the company. The move is the latest in a long line of acquisitions by Securus Technologies as they gain further market share in the corrections technology space. The move will allow the company the capability to process an estimate 1.2 million+ debit and credit payments per year. GovPayNet, headquartered in Indianapolis, is a premier player in the government payment processing marketplace. They have contracts with over 3,500 agencies, covering over 26% of counties in the United States.
Securus Technology is an inmate and prison technology company, providing inmate self-service, payment processing, phone and video surveillance, and other technology-based services to over 2,300 institutions. They are the largest company of its kind the North America and have over 1,000 employees across four office locations in the United States. The company was founded in 1986 and is headquartered in Dallas, Texas. They look forward to the future and the enhanced capability that the acquisition of GovPayNet will give the company.