2. Parties to the Transaction
Securus, a Delaware corporation, holds a certificate of public convenience and necessity (CPCN) authorizing the company to provide resold interLATA and intraLATA interexchange services to customers in California.2
T-NETIX Telecommunications Services, Inc. (T-NETIX), a Texas corporation, also holds a CPCN authorizing the company to provide resold interLATA and intraLATA services to customers in California.3
According to the application, both Securus and T-NETIX provide similar telecommunications services in other states and also provide interstate and international telecommunications services pursuant to authority granted by the Federal Communications Commission.
Securus Holdings, Inc. (Securus Holdings), a Texas corporation founded in 2010, is currently the ultimate parent company of Securus and T-NETIX and owns 100 percent of both companies. Securus Holdings provides telecommunications services to prisoners in correctional institutions through its subsidiaries.
Castle Partners is a Delaware limited liability partnership, which is managed by Castle, a New York-based investment firm. Castle, founded in l987, invests in controlling interests in the buyout and development of middle-market companies principally in North America. The application states that since Castle's inception, Castle has completed over 50 acquisitions with a total value of approximately $10 billion. Castle currently manages investment funds with equity commitments of approximately $3.5 billion. Castle and its affiliates do not directly provide telecommunications services to customers.
2 In Decision (D.) 04-05-049, the Commission authorized Securus, then operating under its former name, Evercom Systems, Inc., to provide resold interLATA and intraLATA services in California. According to the application, Securus notified the Commission of its name change by advice letter filed on September 21, 2010.
3 In D.93-08-012, the Commission authorized T-NETIX, then operating under its former name, Gateway Technologies, Inc., to provide resold interLATA and intraLATA services in California. According to the application, T-NETIX notified the Commission of its name change by advice letter filed on March 14, 2001.
