When you have your own business, you have to understand that you can’t take care of all the sectors that you deal with. Maybe the expertise of your company is innovation in the field of technology, so, depending on the size of your company and how much you have to spare, it might be necessary to hire third-party corporations, or straight-up buy them.
This is the case of Securus Technologies, which recently acquired the enormous corporation GovPayNet to deal with their payments.
In this particular case, Securus Technologies is a provider of solutions for prisons and correction agencies, and all sorts of technological innovations have their birth in the labs of this company. They have tackled the communication industry, the security of the penitentiaries, improved many of the tools that these institutions have at their disposal. That, of course, might mean that they are, at full force, developing new ways to improve the lives of law enforcers, and that is right. With this type of dedication to a particular kind of business, the leaders and owners of Securus Technologies hired another company to take care of their financial administration and the payments that the company deals with.
As of now, both companies have had many achievements throughout their histories. Securus Technologies’ services are used in hundreds of prisons spread across the territory of the United States, mainly Texas, and they have the highest percentage of the market for that matter. GovPayNet, which is going to deal with debit and credit cards as well as payments for Securus Tech, is hired by thousands of agencies and institutions across the country. Both are really renowned groups in their respective industries, and this new relationship between them means that agencies and prisons will have an even better service provider in the year of 2018 and forward.
If you have never heard of Securus Technologies, make sure to check them out to learn more about their business model and how they achieved success.