T-Netix, Inc. began under the name Tele-Matic Corporation, which was incorporated in 1986. In 1988, Tele-Matic merged with Star Ventures, Inc. By 1992, the company had acquired eight affiliated companies in the inmate phone business and the inmate phone business assets of two other companies. On March 5, 2004, H.I.G. Capital, a Miami-based private equity firm with more than $1 Billion of equity capital under management, purchased the outstanding shares of common stock of T-Netix, Inc. In September 9, 2004, H.I.G. Capital acquired all of the outstanding stock of Evercom. The new company, Securus Technologies is now one of the largest independent providers of collect, prepaid and debit calling services to local, county, state and private correctional facilities in the United States.