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Securus Acquires Syscon Holdings Ltd.

Tuesday, July 03, 2007 6:00:00 AM PDT | VentureDeal Staff

DALLAS, TX -- Detainee software make Securus, Inc. announced the acquisition of British Columbia-based Syscon Holdings Ltd.

Syscon provides corrections and law enforcement groups with software that manages offender populations.  Securus views the transaction as adding to its software portfolio and gaining access to new geographic markets.

Securus paid $41 million in cash and 45,604 shares of its common stock.  The transaction also includes various earnout provisions.

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