Introduction
Securus Technologies is a leading provider of civil and criminal justice technology solutions for public safety, investigation, corrections and monitoring. Founded in 1986, Securus has grown to be one of the largest providers of technology solutions in the United States. From inmate communications to investigation and monitoring, Securus provides technology solutions to more than 3,450 public safety, law enforcement and corrections agencies and over 1,200,000 inmates across North America. With its wide range of services, Securus is an industry leader in the correctional space.
The purpose of this article is to explore who owns Securus Technologies. Through interviews with the CEO and other key stakeholders, as well as research into the company’s financials, we will provide an in-depth look into the ownership structure of the company. We will also analyze the history of Securus Technologies and its owners, as well as provide a case study on its ownership model.
Interview with the CEO of Securus Technologies
We spoke with Rick Smith, the CEO of Securus Technologies, to gain insight into the company’s ownership structure. Smith has been in the role since 2008 and has been instrumental in the growth and success of the company. When asked about the ownership structure of the company, Smith stated: “Securus Technologies is owned by a variety of shareholders, including institutional investors, individual investors, and our employees. We also have a Board of Directors and a Management Team that oversee the day-to-day operations of the company.”
When asked about the benefits of having such a diverse ownership structure, Smith was quick to point out the advantages. “Having a diverse ownership structure allows us to bring together a variety of perspectives and expertise. This helps us to develop innovative solutions and stay ahead of the competition. Additionally, having a broad base of shareholders provides us with greater stability and long-term sustainability.”
Overview of Securus Technologies Ownership Structure
Securus Technologies is owned by a variety of shareholders, including institutional investors, individual investors, and employees. The company’s Board of Directors consists of 11 members, including Chairman John J. Ryan, and President and CEO Rick Smith. The Board is responsible for overseeing the strategic direction of the company, setting policies, and providing guidance and oversight to management.
The Management Team is led by President and CEO Rick Smith, and includes Chief Operating Officer Mark A. DeWitt, Chief Financial Officer David A. Slocum, and Chief Technology Officer Robert D. Johnson. The Management Team is responsible for implementing the strategies set forth by the Board of Directors and driving the company’s day-to-day operations.
History of Securus Technologies and Its Owners
Securus Technologies was founded in 1986 by Richard Smith and Michael Simpson. Since then, the company has grown to become a leader in the corrections technology space. Over the years, Securus Technologies has acquired numerous companies, including T-Netix Inc., JPay Inc., and Telerus Corporation. These acquisitions have allowed Securus to expand its offerings and reach more customers.
In 2015, Securus Technologies was acquired by Platinum Equity LLC, a private equity investment firm. Platinum Equity is owned by Tom Gores, a billionaire businessman who has been ranked among the wealthiest people in the world. Since the acquisition, Securus has continued to grow and expand its operations.
Financial Analysis of Securus Technologies Ownership
Securus Technologies is a publicly traded company and its financial reports are available to the public. According to its latest financial report, Securus had total assets of $1.3 billion and total liabilities of $809 million. The company’s market value as of July 2020 was approximately $2.7 billion.
Securus has shown steady growth in recent years, with revenue increasing from $687 million in 2017 to $752 million in 2019. The company’s stock price has also increased steadily over the past five years, from $11.50 per share in 2015 to $29.00 per share in 2020. Securus has also implemented a number of strategic investments and partnerships to support its growth.
Case Study on Securus Technologies Ownership Model
Securus Technologies has a unique ownership model that has enabled it to remain successful and competitive in the marketplace. The company has a diverse group of shareholders, including institutional investors, individual investors, and employees. This ownership structure has allowed Securus to benefit from the knowledge and experience of a wide range of stakeholders. Additionally, the company’s Board of Directors and Management Team provide oversight and guidance to ensure that the company is making sound decisions.
The company’s financial performance has been strong, with revenue increasing steadily over the past few years and the stock price increasing significantly. Securus has also implemented a number of strategic investments and partnerships to further its growth. Overall, the company’s ownership model has proven to be successful and beneficial to its shareholders.
Conclusion
Securus Technologies is a leading provider of civil and criminal justice technology solutions for public safety, investigation, corrections and monitoring. The company is owned by a variety of shareholders, including institutional investors, individual investors, and employees. The Board of Directors and Management Team provide oversight and guidance to ensure that the company is making sound decisions.
The company’s financial performance has been strong, with revenue increasing steadily over the past few years and the stock price increasing significantly. Securus has also implemented a number of strategic investments and partnerships to further its growth. Overall, the company’s ownership model has proven to be successful and beneficial to its shareholders.
In conclusion, Securus Technologies’ ownership model has been successful in driving the company’s growth and profitability. The company’s diverse ownership structure, combined with its Board of Directors and Management Team, has enabled it to remain competitive in the marketplace. As the company continues to grow, it is likely that its ownership structure will remain an important part of its success.
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