In 2015, Securus Technologies concluded the M&A transaction for JPay Inc. JPay is a technology firm that focused on providing a range of tech solutions to the corrections industry. The firm serves the corrections facilities with electronic money transfer, email and entertainment and learning related apps. JPay provides its services to over 33 state prison facilities. According to the Chief Executive Officer of Securus, Rick Smith, the transaction was an opportunity for the company to venture into the fastest growing sectors within the corrections industry: email, fund transfer and recently inmate mobile devices.Rick believed the transaction was an avenue to enable them offer virtually all tech-based services required for optimal operations in the correction facilities. For many years, JPay was regarded as an innovative force to reckon with in the industry, and it has indeed continued on the success path. It was right time for the two companies to integrate their products and professional teams in order to continue their dominance in the industry. CEO of JPay, Ryan Shapiro said their products were designed to cover every constituent in the industry including employees of prison, close family members and friends, as well as the prisoners.
About CEO Rick Smith
Rick Smith is renowned for the many years he has served in the telecom industry. Many inmates in North America enjoy technological services in their respective corrections facilities as a result of hard work and effort of Rick Smith. Under his leadership, Securus Technologies has provided innovative solutions to improve the quality of calls sent to prisons, and also helping families to reach out to their loved ones (inmates). The introduction of video calling was introduced under the leadership of Mr. Smith. He has also secured partnerships within the industry to enable Securus continue to provide top notch services to the corrections agencies.Rick Smith’s vision is to help Securus serve more people associated with the corrections industry. His goal is to ensure the company expands its operations in almost every correction facility in the United States. The executive is ready to continue investing in modern and advanced technology so that it will be easy to reach prisons. As a great entrepreneur and businessman, Rick Smith is determined that his company will continue on a growth path, and he is more than ready to face any challenge from any competitor.
Rick Smith joined Securus Technologies as its CEO in July 2008. Prior to this appointment, he had served at Eschelen Telecom from 1998 to 2007. He held numerous positions including CFO, President and CEO. He helped the company raise its revenue rapidly, more than ten times what it earned before he joined. From 1972 until 1998, Rick worked at Global Crossing North America, holding different positions including executive roles.