The best business stories are those with inspirational leaders. Rick Smith, Chairman and CEO of Securus Technologies, is one such leader. A few years ago, his company acquired JPay Inc. through a Stock Purchase Agreement. This proved to be one of the smartest moves of Smith’s career.
Securus Technologies has been providing the corrections industry with valuable tech products and services for decades. JPay is the company that introduced modern technology conveniences, like electronic payments, to the industry. Both companies operate in more the 30 state prison systems, so it only made sense that they combine their efforts and create the best products. Visit LinkedIn and follow Rick’s profile.
For years, Securus admired JPay as an innovative company doing things no one else could. When JPay began reaching its limits, due to lack of proper resources, Securus saw an opportunity to bring some new, creative energy to their brand. There was no better time to combine and work as one team.
Even JPay CEO Ryan Shapiro appreciated the acquisition. It’s the quickest way for his company to expand its footprint. JPay’s used to working directly with its constituents, so they have more passion and drive to push the envelope. With a large company like Securus behind him, Shapiro’s company can produce groundbreaking products in a fraction of the time.
Since its launch, JPay’s been on a mission. Despite the acquisition, JPay’s team is still committed to developing products that make prisons safer and more efficient. It’s also important to have some kind of system that enables inmates to return to society as a valuable citizen.
It’s that kind of personal attention to community betterment that drew Rick Smith Securus to JPay in the first place. Because Securus respects JPay’s mission so much, the two companies will remain separate entities long-term. It’s the best way to allow JPay the freedom it needs to create innovative products.
As far as Rick Smith’s concerned, the Securus – JPay team can do no wrong. He’s very excited to finally have JPay be a part of his company. He has complete faith in both teams that they’ll make everyone’s lives better.
Working in the public safety industry hasn’t been the easiest thing to do. So when Smith and other team members began getting thank-you letters from communities, they knew they’d become truly successful. Visit securustechnologies.com for more info.