Securus Technologies, Inc. Announces Acquisition of Primonics, Inc.
Press Release Mar 21, 2012
Dallas, TX —/PRNewswire/— Securus Technologies, Inc., a leading provider of inmate communications services and investigative technologies, today announced the acquisition of Primonics, Inc., a leading provider of video visitation services to the corrections industry. Primonics is located in Montreal, Canada and Securus intends to maintain its operations and manufacturing facilities in Canada.
“We are excited to be working with the Primonics Team to develop the corrections industry’s most advanced and secure audio and video visitation platform,” said Richard A. (“Rick”) Smith, CEO and President of Securus Technologies. “With the addition of Primonics, we have the most sophisticated and secure local (intra-facility) and remote centralized video visitation platform in the corrections industry.”
“Securus Technologies has the largest corrections distribution team in the industry and over the last year, we successfully partnered with them on multiple video opportunities,” said John (“Jack”) McAllister, the CEO of Primonics, Inc. “With Securus’ superior Secure Call Platform (SCP) married to our leading video platform, we can provide a combined product that can make inmate outbound calling more efficient and secure for our customers while providing substantial revenue growth. Our Team here in Canada has developed over many years what is the best video platform for the industry – and we will continue to develop that. I am proud of our people and accomplishments.”
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. For more information please visit the Securus website at www.securustechnologies.com. Securus’ controlling shareholder is Castle Harlan.
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 www.castleharlan.com.
About Primonics, Inc.
Primonics, Inc. was founded in 1996 in Montreal, Canada by John McAllister and provides video visitation services to North American clients through a sophisticated centralized packet-based network. They have clients throughout North America.