Freenet.am was created in the framework of United Nations Development Programme (UNDP) Armenia Internet Project in 1997. The Internet Project aimed to support the development of Internet and information technologies in Armenia.

At the end of the initial project in 2006, UNDP requested that Internet Society of Armenia (ISOC-AM) take over the management of Freenet.am. ISOC-AM is current manager of Freenet.am. Hosting and technical support for the FreeNet.am is provided by the ASNET-AM, which is the joint structure of laboratories of Institute for Informatics and Automation Problems (IIAP) of the National Academy of Sciences of the Republic of Armenia (NAS RA)