Arthur Naoumidis founded Praemium in October 2001 having identified a need in the Australian market for a technologically advanced portfolio administration service. Utilising his extensive international experience in developing, operating and marketing portfolio services, Arthur developed a sophisticated portfolio administration system that was designed to meet the increasing trend towards widespread participation in direct equity investments.

Six years later, Praemium is now recognised as one of Australia's leading providers of portfolio administration systems and administers in excess of $28.5 billion across 32,000 accounts and 420 organisations, including some of the country's largest financial services providers.

Praemium's offerings now include its proprietary online portfolio administration service (V-Wrap), market data system (p-Desktop) and Separately Managed Account (SMA) technology. Head quartered in Melbourne with offices in Sydney, Brisbane and Adelaide, the company also provides listed securities processing to a number of other platforms and services.

Praemium has also expanded to the United Kingdom, opening an office in the City of London in June 2006. Recently, Praemium has launched a capital gains system with Cofunds (one of the UK's leading platforms) and has secured regulatory authorisation for its unique adaptation of the SMA for the UK market.