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News with Securus' buyers

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Wednesday, March 30, 2016

Lately, I’ve been thinking a lot about Securus and the two companies that acquired its assets.  

Securus, a company focused on GPS tracking and PERS, was divided and sold in two parts in the first quarter of 2015. The PERS side of the business was sold to Freeus, a newly founded sister company to AvantGuard, formed for the purpose of acquiring this part of Securus. BrickHouse Security acquired the GPS business.

I find this interesting lately because BrickHouse yesterday started a Kickstarter to fund the development of mBand—a new mPERS solution designed for independent women. 

The mBand is taking an interesting approach to the mPERS device: making it into a ring, instead of a bracelet or pendant. At the time of writing this, 53 “backers” have supported the idea with $8,900.

Securus has also been on my mind because I was just speaking with Freeus’ GM Brock Winzeler about how the company has done in the year after it’s acquisition of Securus PERS business. The company has more than doubled the customer base since the purchase. You can read more about that here.