In the correctional field, it is essential for the companies to continually focus on innovation and developing cutting-edge technologies these days. The competition in the penitentiary area has been growing at a massive pace, and one of the companies that have been leading this race is Securus Technologies. The company has spent over $600 million in the last few years for research and development and also to acquire patents. It would help the company to dominate the corrections space and develop new technologies that would help the inmates as well as the law enforcement agencies. The primary aim of the company is to ensure that it can contribute generously and consistently to modernize the corrections space.
Securus Technologies has also been focusing on acquiring developing companies in the correctional sphere to expand its business operations further. It would help the company to consolidate its position and would also ensure that it can add new products and services to its portfolio. In its attempt to do so, the company recently acquired GovPayNet, which is a leading payment processing services for the associated government payments. With the help of GovPayNet, the inmates and their families can pay the government dues for various departments directly from their phone. It is a very convenient option to make payment to the government, and the company has been growing steadily in the last few years.
With the acquisition of GovPayNet, Securus Technologies has gained a commanding position in the payment processing sector. It recently also acquired Jpay Inc, which is another money transfer service provider in the corrections space. With so many strategic acquisitions made by Securus Technologies, the company has sure gained an edge over its competitors and has also added a considerably sized revenue as well as customer base to its existing base.