Securus Technologies, Inc. Announces Acquisition of DirectHit Systems, Inc. (THREADS™ Product)
Press Release Jul 05, 2012
DALLAS, TX/PRNewswire/ -- Securus Technologies, Inc., a leading provider of inmate audio and video communications and investigative technologies and a portfolio company of private equity firm Castle Harlan, Inc., today announced the acquisition of DirectHit Systems, Inc., a provider of sophisticated investigative, data analysis tools for law enforcement and corrections clients in North America. DirectHit Systems is located in Melbourne, Florida and Securus intends to maintain operations and software development facilities at that location.
"We are excited to be working with the DirectHit Team to continue to develop and sell their proprietary product called THREADS™", said Richard A. ("Rick") Smith, CEO and President of Securus Technologies, Inc. "THREADS™ is a world class set of software/algorithms that assists high profile law enforcement and corrections agencies to solve and prevent crimes. This transaction expands our security features/products that Securus provides in a very meaningful way. We now have the best features in this area in our industry."
"Securus not only has the largest corrections distribution team in the industry – but also has the largest group of software development professionals in the sector and we successfully partnered with them on multiple opportunities," said Kelly Solid, the General Manager of DirectHit Systems, Inc. "We have invested almost 50,000 development hours into our products – specifically to develop the most powerful analytical tools for investigators to rapidly and reliably solve criminal cases. We are aligned with Securus on continuing to develop THREADS™ and other products for enforcement and corrections officers. We are proud to serve the Federal Bureau of Investigation, the Federal Bureau of Prisons, the Maryland State Police, and the New York Police Department to name just a few of our many clients."
Securus Technologies, Inc. is one of the largest providers of detainee communications and information management solutions, serving approximately 2,200 correctional facilities and more than 850,000 inmates nationwide. A recognized leader in providing comprehensive, innovative technical solutions and responsive customer service, Securus' sole focus is the specialized needs of the corrections and law enforcement communities. Securus is headquartered in Dallas, TX, including four regional offices in the Dallas metro area as well as one in Atlanta, GA. Castle Harlan is the principal equity holder in Securus. For more information please visit the Securus website at www.securustechnologies.com. Securus' controlling shareholder is Castle Harlan.
About DirectHit Systems, Inc.
DirectHit Systems, Inc. was founded in 2005 in Melbourne, Florida and provides sophisticated investigative data analysis tools for law enforcement and corrections clients in North America through proprietary software algorithms. They have high profile clients at the Federal, State, County and Local levels. For more information, please refer to the DirectHit website at http://www.directhitinc.com.
About Castle Harlan
Castle Harlan, founded in 1987, invests in controlling interests in the buyout and development of middle-market companies in North America and Europe. Its team of 19 investment professionals has completed 53 acquisitions since its inception with a total value in excess of $10 billion. Castle Harlan currently manages investment funds with equity commitments of approximately $3.5 billion. The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s. For more information, please refer to the Castle Harlan website at http://www.castleharlan.com.