On January 4, 2017, prison technology giant, Securus Technologies, was pleased to announce that the company has reached terms with government payment processing company, GovPayNet, to acquire them. The terms of the deal were not disclose but GovPayNet will continue to operate under that name for the foreseeable future. The deal with further align Securus’ existing platform of technological services with their customers needs. The move is the latest in a large number of acquisitions that Securus has made over the past decade, as they poise themselves to a greater market share in the prison technology marketplace.
GovPayNet was formed in 1997 and provides credit and debit payment processing to over 2,300 government agencies to include county jails, correctional facilities, local tax offices, and other agencies. The company has the capability to process over 1.2 million payments annually, and the acquisition will further increase their capability.
Securus Technologies provides inmate self-service, emergency response, biometrical analysis, investigation and monitoring products, and other tools for the government sector. The company currently provides services to over 3,500 agencies nationwide, covering over 26% of counties in the United States. Founded in 1986, Securus continues to look for innovative ways to increase their services to governmental agencies moving forward.