The industry’s leading solution provider of public safety, investigation, correction, law enforcement and government payment service technology, Securus Technologies, has executed a brilliant strategic acquisition plan by acquiring the leading government credit and debit card processing company, GovPayNet (Government Payment Services). This intelligent move by Securus Technologies will easily allow them to increasingly expand their credit and debit card business solutions to a broader market and offer their clients an advanced level of payment services.
The credit and debit card processing diversity of GovPayNet sufficiently provides state-of-the-art payment processing solutions to government agencies as such payments pertain to fines, penalties, violations and taxes. Providing to over 2,300 agencies in 35 states, GovPayNet is definitely a huge and extremely valuable addition to the Securus Technologies’ family.
The CEO and President of Securus Technologies, Robert E. Pickens, is extremely excited to have GovPayNet onboard. With a 20+ year history of experience from GovPayNet’s CEO and his company, Robert has always been extremely confident that this acquisition would serve him well. Now that GovPayNet is an addition to the product portfolio of Securus Technologies, over 40 million payments are processed a year. With that accomplishment, other advancements are set to follow, especially due to the new sales team addition, hired in pursuit of another sector that is set to commence for the continuous government payment processing progression.
CEO of GovPayNet, Mark MacKenzie is also excited about the acquisition. His company’s most valued benefit in this deal is its advantaged capability of versatility. With the acquisition, GovPayNet can now diversely offer a wider range of services which inevitably, with the current great staff on board, can accomplish new business and earn more value for it in the process.
As it is already documented, Securus Technologies’ acquisition of GovPayNet was a great deal, earning the company over 40 million payment processes a year. As this is also a plus for GovPayNet, we will continuously hope that the current successful relationship of these two leading companies continues to brew and produce successfully. Visit each one of their websites for further details.