Praemium has won a preferred supplier agreement with UBS Wealth Management.
The online portfolio administration services provider was mandated to replace UBS's current portfolio management software with Praemium's V-Wrap portfolio service.
"We are delighted to be working with a client of the calibre of UBS. They are a significant player on the Australian landscape . we are looking forward to working closely with them on delivering this project," Praemium managing director Arthur Naoumidis said.
V-Wrap administers in excess of $26 billion.
In the September Praemium reported a full-year net loss of $10 million for 2006/07, but showed an 87.7 per cent increase in revenues.
