NEWARK, Calif. — Tranax Technologies, Inc., a leading developer of ATMs and self-service kiosks has announced it has had to move its headquarters from Fremont, Calif. to Newark, Calif. in order to better manage its growth.

"We've simply run out of space," said Mike Sedrel, vice president of manufacturing for the developer. "Our business is growing; we need additional production space to accommodate that growth. The new facility will provide more space for Retail ATM production and give us even more local configuration flexibility for self-service and banking products. We will also be adding new demonstration and training capabilities and room for additional people."

The company reported that while at its Fremont location, the company has grown to become the number one provider of off-premise retail ATMs. That growth propelled the company to expand from less than 30 employees to over 70, the firm said.