Adonis AS Due Diligence
Run due diligence on Adonis AS: check compliance and get alerts when suppliers change.
Norway · www.adonis.no · 23 vendors
Adonis AS is a Norwegian software house that provides integrated HR and payroll systems for the international shipping and offshore industries. Their comprehensive suite of products includes Adonis Personnel Manager, Adonis Payroll, Adonis Web Recruitment, and Adonis Personnel Portal. These solutions are available as both licensed systems and cloud-based services, enabling global maritime organizations to manage all HR processes seamlessly across various locations and vessels.
Resilience scores
- Digital Sovereignty: 9
- Digital Resilience: 6
- Financial Resilience: 6
Technology vendors
- Calendly — Technology — United States
- DFDS A/S — Transport & Logistics — Denmark
- Weglot SAS — Technology — France
- and 20 more
Services catalogue
1 service in catalogue across 1 category; runs on 23 sub-vendors.
- Vessel Management System
Insights
Last updated 2026-08-15 · revision 2
23 direct vendors, 230 subvendors
Direct vendors by controlling owner country (sample)
- Spain: 1
- France: 1
- Poland: 1
Subvendors by controlling owner country (sample)
- Sweden: 9
- Singapore: 1
- Denmark: 11
Compliance
8 in-scope frameworks identified; showing 3.
Norwegian Personal Data Act — Evidence found
Evidence: https://www.adonishr.com/legal/privacy-statement, https://lovdata.no/dokument/NL/lov/2018-06-15-38, https://www.datatilsynet.no/en/
STCW Convention — No public evidence
Evidence: https://www.adonishr.com/solutions/people-hub/competence-management, https://www.imo.org/en/OurWork/HumanElement/Pages/STCW-Convention.aspx
MLC 2006 — No public evidence
Evidence: https://www.adonishr.com/solutions/time-attendance, https://www.ilo.org/global/standards/maritime-labour-convention/lang--en/index.htm, https://www.adonishr.com/about-us
Financials
Three-year financials
- 2023:
- 2022:
- 2021:
Financial Resilience Score: 6/10
Adonis AS presents a moderately resilient profile despite the absence of verified financial statements in this research session. The company has a long operating history since 1988, spanning 35+ years in a specialized maritime HR software niche. This longevity implies durable customer relationships, mature product-market fit, and prudent financial management typical of Norwegian family-owned SMEs. Its vertical-SaaS profile—covering payroll, crewing, and MLC-compliance for maritime employers—provides high switching costs and recurring license/maintenance revenue, with some customer relationships (e.g., Simon Møkster Shipping) exceeding 20 years. The blue-chip customer roster (Viking Line, DFDS, Fjord Line, Ponant, Allseas, Lindblad Expeditions) indicates diversified, credit-worthy clients across cruise, ferry, offshore, and commercial shipping segments. The September 2024 acquisition by Ripple Operations provides stronger strategic backing, cross-sell opportunities, and integration into a broader maritime HR platform, reducing standalone risk. However, resilience is tempered by vertical concentration risk in shipping, cruise, and offshore energy—segments that suffered severe disruption during COVID (2020-2021). Technology transition risk is notable given the hybrid legacy Windows/.NET core alongside newer web modules, exposing Adonis to competitive pressure from pure cloud/SaaS crewing vendors. Small absolute scale (estimated NOK 50-200M revenue) limits R&D capacity versus larger competitors, and post-acquisition integration introduces near-term brand and customer migration risk. FX exposure is meaningful given global USD/EUR invoicing against a NOK cost base.
Key strengths: 35+ year operating history since 1988, High switching costs in vertical maritime HR SaaS, Blue-chip diversified customer base (Viking Line, DFDS, Fjord Line, Ponant, Allseas), Long-term sticky customer relationships (20+ years for some clients), Family-owned prudent management through 2024, Strategic acquisition by Ripple Operations in September 2024, Recognized in Thetius 150 report as innovative maritime company
Risk factors: Vertical concentration in shipping, cruise, and offshore energy cycles, Cruise segment exposure to COVID-type disruptions, Legacy Windows/MS-SQL/.NET technology transition risk, Competitive pressure from pure cloud/SaaS crewing vendors (OneOcean, Martide, MHG, Compas), Small absolute scale limits R&D versus larger competitors, Post-acquisition integration and brand phase-out risk, FX exposure: global USD/EUR revenue vs. NOK cost base
Revenue by geography
- Continental Europe: 0%
- Nordic (Norway, Denmark): 0%
- Rest of World (global cruise/offshore): 0%
Revenue by product/service
- On Board and Time & Attendance/MLC compliance: 0%
- Recruitment and Employee Self-Service (add-ons): 0%
- Payroll, Planning/Scheduling and People Hub (core modules): 0%
Workforce by country
- Norway: 0
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