Praemium acquires Technotia Laboratories to accelerate AI innovation and automation
Praemium Limited (Praemium), a leading provider of next-generation wealth management solutions, has today announced to the ASX it has entered into a binding agreement to acquire Technotia Laboratories, a specialist in advanced technology and computing machinery and intelligence (CM&I).
This acquisition marks a significant step in Praemium’s strategy to lead the market in AI-powered wealth management. By integrating Technotia Laboratories’ proprietary technology and scientific expertise, Praemium will deliver a platform that sets a new benchmark for high-net-worth advisers. The combined capability will enable advisers to operate with greater precision, scale and speed, while deepening client engagement and driving superior outcomes.
Scientific expertise meets wealth management innovation
Founded by Chief Scientist Professor James Murray-Parkes, Technotia Laboratories brings world-class capability in applying physics, mathematics, and design-led thinking to solve complex challenges. Established in 2019 after leading Brookfields Scientific Solutions Group, Technotia has a proven track record of delivering scientifically rigorous, practical solutions across multiple industries.
Praemium has collaborated with the firm since late 2024 to enhance its superannuation solution, demonstrating measurable improvements in efficiency and scalability. Building on this success, Praemium identified the opportunity to leverage Technotia Laboratories’ expertise across its entire platform.
By leveraging their proprietary IP and CM&I expertise, Praemium will accelerate innovation, enhance automation, and unlock data-driven insights that enable tailored strategies at scale. Advisers will benefit from seamless access to market-leading capabilities from a trusted platform partner.
Driving the future of advice and building long-term value
Praemium CEO Anthony Wamsteker said:
“The rapid expansion of AI in financial services demands more than speed, it requires trust and proven capability. Through the acquisition of Technotia Laboratories, Praemium will embed specialist expertise directly into our platform, ensuring innovation is delivered with scientific rigour and reliability. This cements Praemium’s leadership in the high-net-worth advice segment, combining trusted wealth management experience with advanced AI technologies, to set the standard for smart efficient advice and exceptional client outcomes.”
Under the terms of the acquisition, Praemium will acquire Technotia Laboratories for 9,047,045 ordinary shares at $0.829 per share, equivalent to $7.5 million. Completion is targeted for January 2026, with key employees incentivised for a successful acquisition outcome including cost savings gained and revenue earned.
Praemium non-executive director Daniel Lipshut has been appointed CEO of Technotia Laboratories. Lipshut commented: “My decision to step into an operational leadership role reflects the strategic significance of this acquisition and a commitment to realise the full commercial potential of this acquisition. This partnership gives Praemium proprietary AI capability that will transform wealth management technology. Together, we’ll unlock new growth opportunities and create lasting value for advisers and shareholders. It’s a bold step that positions Praemium ahead of the curve in driving intelligent solutions for the advice market.”