Securus Technologies said it has signed a definitive stock purchase agreement to acquire JPay Inc. JPay is the market leading technology company that introduced electronic payments, email and a host of entertainment and educational related apps to the corrections space, and currently operates in over 33 state prison systems.
“This transaction thrusts Securus into the fastest growing segments in corrections; payments, email and most recently, inmate tablets,” said Rick Smith, CEO of Securus Technologies. “We announced the transaction on April 14, 2015, and since that time we secured the debt and equity funding and necessary approvals from the state and federal regulatory bodies and closed our transaction yesterday.”
JPay, based in Miramar, Florida, is the leading provider of inmate payments, email and tablet products, serving 33 state Department of Corrections and over 1.6 million inmates.
Headquartered in Dallas, Texas, and serving more than 2,600 public safety, law enforcement and corrections agencies and over 1,000,000 inmates across North America, Securus Technologies is committed to serve and connect by providing emergency response, incident management, public information, investigation, biometric analysis, communication, information management, inmate self-service, and monitoring products and services in order to make our world a safer place to live.