Richard A. Smith is the man behind Securus Technologies, one of the largest companies in the corrections industry. Not a lot of companies in that industry focus on building up inmates as much as successfully offering quality products. For Securus, inmate safety and productivity is an integral part of creating safer communities.
Getting into the industry was easy back then, but it wasn’t easy to achieve positive results. Smith had to build safety into his company’s DNA, thus ensuring his company’s success. Most companies measure success in dollar signs. Mr. Smith measures his company’s success in appreciation letters and emails from local communities. Read more about Rick Smith Securus on prnewswire.com.
For the decades that Smith’s served at the company, he’s never achieved a greater accolade than when he acquired JPay Inc. as a Securus Technologies subsidiary. The acquisition was announced after both companies signed a Stock Purchase Agreement. This would prove to be a great move for all involved.
Part of Rick Smith Securus job is looking for new opportunities that can grow his company beyond its limits. JPay is one of the more innovative new companies in the business. He’d been watching JPay since it introduced some modern conveniences to the industry. That introduction created a whole new segment in corrections. Read more on glassdoor.com about Rick Smith Securus.
Once JPay reached a point where it could no longer expand, Securus approached the company about the acquisition. It’s a decision that affected both companies but in positive ways. JPay has the innovation that Securus needs, and Securus has the resources that JPay needs.
CEO of JPay even spoke about wanting to join Securus Technologies. Not only are both companies at the top of their respected segments; they both share commons beliefs. For JPay, it’s about developing the best products that can enrich their constituents’ lives. Also, having Securus’ resources at their fingertips allows JPay to complete their most groundbreaking products in half the time.
Like all brilliant leaders, Shapiro credits his success to his team. They’re the ones working day and night to improve the current prison system. They uphold the company’s vision of making prisons safer and more efficient while giving inmates a better chance to re-enter society as law-abiding citizens.
The common bond the two companies share over bettering communities by embracing inmates is why Securus acquired JPay as a subsidiary. This way, JPay can continue operating as it always did.