DataMotion relocates operations

DataMotion relocates operations

Data security company DataMotion (ASX:DMN) has sold its residual data centre fitout for $530,000, after moving operations to a new data centre in Perth.

DataMotion director Joshua Wellisch said in a statement that the move - which also involved relocating its administrative offices - will significantly reduce overheads.

It forms part of a board effort to strengthen DataMotion's balance sheet to allow for future growth, he said.

DMN shares are trading 50% higher at $0.003.

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Tags ASX:DMNDataMotionexpense reductionData CentreJoshua Wellisch

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