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Written by on January 19, 2017
Securus and Jpay are teaming up to produce a powerful force for good in the correctional market in the United States. While the two companies have worked to be independent in their services to the correctional market, this had ended when Securus showed their interest to acquire the company. For the company, nothing gives them much honor than to have their services taken to another level of digitization. Jpay is one of the leading companies to offer entertainment education, communication, and digitized payments in the correction market. For the company, they are also pleased to enhance their new level of service through their union with Securus Technologies.
Securus Technologies, in an announcement, said that they had created a pact to see them acquire Jpay as one of their subsidiary companies to extend service delivery to the correctional space. For this reason, Securus has announced today about their definitive stock agreement purchase which will see them acquire the company upon payment of the collateral terms to the independent management of Jpay. Jpay is one of the leading providers of email and digital payments in the correctional market of the United States. For this reason, they are currently operating in more than 33 prison states in the country.
According to Securus Technologies, these transactions will thrust the company to offer a new level of services to their clients. In the end, the company will come out as one of the fastest growing enterprises in the United States. For more than one decade, Jpay has introduced numerous services ranging from entertainment to educational applications to the correctional market in the United States.
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