What ADEUS does

ADEUS Aktienregister-Service-GmbH, founded in 1999 and headquartered in Munich with a secondary office in Offenbach, is a German B2B service provider that manages share registers (Aktienregisterführung) and prepares and executes annual general meetings (Hauptversammlungen) for listed companies. The firm operates as a subsidiary within the Allianz Group: Allianz SE holds the majority stake, with Münchener Rück (Munich Re) and DXC Technology Deutschland GmbH as additional founding shareholders, and ADEUS runs on Allianz Technology's data-center infrastructure under Allianz data-protection and information-security standards. The core technology platform is STARiS®, a proprietary share register software that ingests daily shareholder transaction data from Clearstream Banking Frankfurt's CASCADE-RS system. The product portfolio extends to STARvote (an online shareholder service for AGM registration, electronic voting, and digital entry tickets, launched in 2001), STARiSweb (a browser-based analytics and reporting tool for issuers), and STARiS Q (a browser-based Q&A management workflow for AGM questions with generative-AI answer suggestions). The company also runs shareholder hotlines, proxy solicitation campaigns, capital-measures processing, shareholder identification services, and targeted shareholder communications.

Revenue derives from three streams: recurring subscription-style share register management fees for both full-service and licensed deployments, professional-services fees for AGM preparation and execution, and STARiS® software licensing to clients that operate the system in-house. Pricing is bespoke and quote-based per contract rather than publicly disclosed. Distribution is enterprise-direct, anchored by dedicated relationship managers such as Björn Dobrzewski, supplemented by an annual ADEUS Fachseminar in Munich and active participation in DAX working groups, the German Aktieninstitut, and European Central Bank T2S task forces. The customer base is concentrated among large German listed issuers and includes Allianz, Siemens, Deutsche Telekom, BASF, BMW, Lufthansa, Deutsche Post/DHL, Deutsche Börse, E.ON, Uniper, Evonik, Hugo Boss, Hannover Rück, Klöckner & Co, Hapag-Lloyd, R+V Versicherung, Freenet, Knorr-Bremse, Talanx, W&W, Nürnberger Versicherung, and Ernst Russ AG.

ADEUS has positioned itself as the established market leader for electronic share register management in Germany, leveraging over 100 years of combined registered-share experience inherited from Allianz and Munich Re. Strategic priorities visible in the data include expanding AI-driven functionality in STARiS Q, integrating with the SWIFT network for custodian-bank communication, and aligning product capabilities with new German virtual-AGM legislation and EU shareholder-transparency requirements. Geographic scope remains Germany-only, ownership has been stable for 25 years, and there are no recorded acquisitions, external funding rounds, or material leadership changes in the dataset.

Name

ADEUS

Legal name

ADEUS Aktienregister-Service-GmbH

Website

https://adeus.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

ADEUS is a Munich-based German B2B service provider, majority-owned by Allianz SE, that operates the proprietary STARiS® share register software and provides AGM preparation, execution, and shareholder-communication services to large German listed issuers including DAX companies such as Allianz, Siemens, Deutsche Telekom, BASF, and BMW.

Ownership category

akta.pro rank

Product category

Shareholder Services & Corporate Governance

NAICS

Advertising, Public Relations, and Related Services (5418)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industry

Equity Compensation & Global Share Plan Administration (BPACAHAI)

Keywords

• Share register management
• Annual general meeting services
• Registered shares administration
• Investor relations support
• Shareholder communication services

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Share Register Management Services: Full-service share register management for companies with registered shares, including daily processing of shareholder data from depot banks, quality assurance, and analysis tools. Provided as a comprehensive service to full-service customers and license customers.
2. Annual General Meeting Services: Complete AGM preparation and execution services including invitation dispatch, registration processing, shareholder hotline, proxy solicitation, Q&A management, and day-of execution support. Offered as modular or full-service packages.
3. License Fees for STARiS®: Licensing of STARiS® share register software to license customers who operate the system independently while receiving ADEUS support.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

ADEUS supports listed German companies in setting up and maintaining electronic share registers and in the preparation and execution of annual general meetings. Its offering combines proprietary share register software (STARiS®) with full-service shareholder administration, AGM logistics, proxy solicitation, Q&A management, and digital shareholder communication for issuers with registered shares (Namensaktien).

Product overview

ADEUS offers a modular product portfolio centered on STARiS®, its core stock register software platform, with integrated modules including STARvote (online shareholder service for voting and registration), STARiS Q (Q&A management system for shareholder meetings with AI capabilities), and STARiSweb (web-based analysis tool). Services include stock register management, shareholder meeting support, proxy solicitation, shareholder identification, capital measures support, and targeted shareholder communication. The portfolio serves both full-service customers and license customers with individually customizable solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• STARiS® Share Register Software

Quantifiable outcome

• Over 50% of AGM invitations sent electronically for companies using ADEUS services
• +2 more outcomes

Named customers22 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability4 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• DXC Technology Company (DXC Technology Deutschland GmbH)coreTechnology or Integration · 1 January 1999DXC Technology serves as development partner for innovative and secure IT solutions at ADEUS. As a shareholder, DXC contributes technical expertise to the development and maintenance of ADEUS's STARiS® software platform and related systems.
• Clearstream Banking Frankfurt (CBF)coreTechnology or IntegrationClearstream Banking Frankfurt provides daily transaction data from depot banks to ADEUS's STARiS® system. This data feed is essential for maintaining real-time shareholder data quality and enables the processing of shareholder movements in the share register.
• Allianz TechnologycoreTechnology or IntegrationAllianz Technology provides the data center infrastructure for ADEUS operations as part of the Allianz Group integration, ensuring high security standards and operational reliability.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Toppan (formerly Toppan Vintage): Shareholder services, proxy solicitation and corporate communications arm of Toppan. Provides directly comparable share register-related services to ADEUS, especially in European cross-border contexts.
• Equiniti: UK-headquartered share registration and investor services provider serving UK, European and US issuers. Directly comparable offering to ADEUS including share register management, AGM execution and proxy solicitation.
• Georgeson: Specialist proxy solicitation and shareholder services firm (a wholly-owned subsidiary of Computershare). Competes head-to-head with ADEUS in proxy solicitation and AGM-related investor outreach for European issuers.
• Morrow Sodali: Global advisory firm specializing in AGM/extraordinary meeting strategy, proxy solicitation and shareholder communications. Overlaps directly with ADEUS's proxy solicitation, AGM preparation and shareholder communication services.
• Computershare: Global leader in share registry, employee equity plans and AGM/issuer services. Directly comparable to ADEUS as the world's largest specialist in the same core workflow (share register management) ADEUS performs for German issuers.
• D.F. King: Long-established proxy solicitation and investor communications firm serving US, UK and European issuers. Directly comparable to ADEUS's proxy solicitation and shareholder identification services.
• Link Group (MUFG): Share registry and stakeholder communications provider owned by MUFG, with strong presence in Australia, the UK and parts of Europe. Directly comparable to ADEUS in operating model, technology stack and client base of listed companies.

Broad incumbents

• Broadridge: Large public company providing investor communications, proxy processing and shareholder analytics across many markets. Overlaps with ADEUS's shareholder communication and STARiSweb analytics capabilities, but as part of a much broader financial technology portfolio.
• Donnelley Financial Solutions (DFIN): Public company offering SEC filing, capital markets communications and shareholder solutions. Comparable to ADEUS in shareholder communications and capital-measures support, but operates a much broader financial communications and printing franchise.

Emerging players

• Issuer Direct: US-based technology and services company providing shareholder communications, transfer agency and proxy services. A smaller, technology-forward peer with overlapping capabilities to ADEUS's STARiS® / STARvote stack, more relevant as a competitive threat than a scale comparable.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ADEUS