Securus Technologies

Securus Technologies is a technology communications firm serving department of corrections facilities and incarcerated individuals across the country. The company is a subsidiary of Aventiv Technologies. In the past, the company has faced criticism over phone call pricing, data security, monopoly and product innovation. Securus is owned by Beverly Hills-based private equity firm Platinum Equity. History Securus was founded as TZ Holdings Inc. in 1986 in Dallas, Texas. The company changed its name from TZ Holdings Inc. to Securus Technologies in April 2009. During the 2010s, Securus was one of a number of companies which provided telephone service to inmates in US prisons. Securus was partially acquired by ABRY Partners from Castle Harlan in 2013 for $640 million. The company was the target of a data breach of about 70 million records of phone calls in July 2015. Since its inception, Securus has acquired 20 government services, software-based businesses, technologies, patents and exclusive partner agreements. The company was acquired in 2017 by Beverly Hills-based private equity firm Platinum Equity, owned by billionaire Tom Gores. In 2019, Platinum Equity announced plans to reorganize the company as a more diverse technology company, and created Aventiv Technologies as Securus' new corporate parent.