DataMotion Asia Pacific to invest in local datacenter
Tuesday, 02 February 2010, 16:51 IST
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Bangalore: DataMotion Asia Pacific has announced that it will significantly invest in its local datacenter and go on an acquisition drive following a recent capital raising rights issue, reports Computer World. In a quarterly update ASX statement, the secure information exchange company said that around $1 million from the rights issue would fund the search for a profitable technology based acquisition target to expand the company's portfolio and leverage its existing technologies and datacenter. Funds from the rights issue will also be used to transform the DataMotion Asia Pacific datacenter into a 'boutique high-end hosting facility' to capitalize on the shortage of commercial datacenter space in Western Australia, and provide additional revenue streams. According to Computer World, the company is also exploring a partnership opportunity with SingTel Optus and Alphawest Services to use DataMotions's datacenter as a hosting facility for customer equipment and managed services. DataMotion's solutions include email encryption, large file transfers, electronic forms and programmatic APIs.

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