Anthony Wamsteker
raemium Limited has announced the commencement of an organisational restructure within its technology division following the acquisition of Technotia Laboratories in January 2026 – a strategic investment designed to accelerate platform innovation, strengthen long‑term scalability and enhance technology performance.
The proposed restructure reflects the planned integration of Technotia’s specialist engineering, scientific and user experience capabilities into Praemium’s technology function. As part of this integration, Praemium is removing duplication across development, maintenance and infrastructure roles, enabling a sharper focus on platform capability, automation, reliability and execution velocity.
As announced to the ASX, the Company will be undertaking a consultation process with Australian employees in affected roles. The restructuring, once it has been implemented, is anticipated to reduce headcount by around 15% in Australia and result in the closure of our software development operations in Armenia by the end of the 2026 financial year.
Once implemented, the restructure is expected to deliver a meaningful reduction in the ongoing cost base of the technology division, while maintaining and strengthening Praemium’s overall investment in platform capability and innovation. Key personnel are being retained to ensure continuity of service for clients, while new capabilities are incorporated in a measured manner.
Anthony Wamsteker, CEO of Praemium, commented:
The acquisition of Technotia is a strategic investment in the future of the Praemium platform and a clear signal of our commitment to advanced scientific and technology capabilities. By embracing Technotia’s expertise, we aim to accelerate innovation, improve the speed and quality of delivery, and strengthen the technology foundation that supports advisers and their clients at scale.
This integration enhances our ability to deliver greater automation, reliability and platform enhancements, while ensuring investment is focused where it creates the greatest long‑term value.
While these decisions are difficult and we acknowledge the impact organisational change can have on our people — many of whom have contributed significantly to Praemium’s growth — we are confident this integration positions the business to continue evolving alongside the needs of modern advice practices”
