Founded in 2016, PRAXIS Technology Escrow is celebrating 10 years in business, backed by deep industry roots and more than 90 years of combined experience across software escrow, SaaS escrow, and technology-driven transactions.
At PRAXIS Technology Escrow, we are an independent, third-party escrow agent specializing in software escrow, source code escrow, SaaS escrow, AI escrow, technology escrow, trade secret escrow, and automated escrow solutions. For the past 10 years, PRAXIS has helped software publishers, SaaS providers, enterprises, and their legal advisors protect business-critical technology while reducing risk, cost, and administrative burden.
Founded in 2016, PRAXIS is proud to celebrate its 10-year anniversary—a decade of consistent growth, innovation, and trusted service in the software and technology escrow industry.
Built for Modern Software, SaaS, AI, and Emerging Technologies
PRAXIS invented Automated Escrow and pioneered Infinite Retention™, redefining how escrow should work in modern, cloud-based and agile development environments. Our Automated Escrow platform integrates directly with source-code repositories and deployment workflows to ensure escrow deposits are always current, complete, and verifiable—without manual uploads or compliance gaps.
Infinite Retention™ ensures escrowed materials are never deleted, providing long-term continuity and protection for beneficiaries, licensees, lenders, and acquirers.
In addition to traditional software escrow and SaaS escrow, PRAXIS supports all emerging technologies, including AI and machine-learning systems. Our AI escrow solutions can protect model weights, training data references, documentation, deployment artifacts, and other AI-related materials needed to support business continuity, regulatory obligations, and transaction requirements.
Automation — Plus Real Experts When It Matters
Unlike purely self-service escrow providers, PRAXIS combines automation with full-service onboarding and dedicated Account Executives. Every client works with experienced escrow professionals who understand custom enterprise agreements, complex negotiations, multi-party transactions, M&A activity, and regulated environments.
This balance of industry-leading automation and high-touch service is a key differentiator for PRAXIS—especially for sophisticated software escrow, SaaS escrow, and AI escrow transactions where one-size-fits-all solutions fall short.
Deep Industry Experience You Can Trust
The PRAXIS leadership team brings over 20 years of direct experience in software and technology escrow.
Our founder previously served as Director of Sales at Fort Knox Escrow Services (later acquired by Iron Mountain), supporting enterprise software vendors, law firms, and global technology transactions. He later co-founded Escrow Associates, LLC, which was acquired by NCC Group, gaining extensive experience in enterprise-scale escrow operations, security-driven services, and complex client environments.
This rare combination of sales leadership, operational expertise, and entrepreneurial escrow experience allows PRAXIS to deliver flexible, practical escrow solutions that work in real-world transactions—not just standard templates.
The PRAXIS Difference
Whether you’re an attorney, software developer, SaaS provider, AI company, financial institution, or enterprise end user, PRAXIS delivers escrow solutions designed for modern technology risk.
PRAXIS offers:
- Software escrow and SaaS escrow tailored to modern licensing and cloud delivery models
- AI escrow and emerging technology escrow for next-generation platforms
- Automated Escrow that eliminates missed deposits and compliance risk
- Customizable escrow agreements aligned with real transaction requirements
- Dedicated Account Executives who guide onboarding, negotiations, and ongoing support
- Enterprise-grade security, including secure digital storage and physical media vaulting
Your source code, SaaS environments, AI assets, technology data, and trade secrets are protected, accessible when needed, and managed according to industry best practices.
Security, Compliance, and Confidence
PRAXIS meets or exceeds all escrow industry best practices and employs robust security controls designed specifically for software escrow, SaaS escrow, and AI escrow environments.
We stand behind our services. If you are not satisfied within the first 30 days, let us know. If we cannot resolve the issue to your satisfaction, we will refund your money—no questions asked.
PRAXIS Technology Escrow
Celebrating 10 years of innovation and trust.
The inventor of Automated Escrow. The pioneer of Infinite Retention.
Protecting software, SaaS, AI, and emerging technologies worldwide.
Leadership Team
Chris Smith
Founder & CEO
Creating innovative software and technology escrow solutions has been a 20-year journey and a continuing passion for Chris. He has a unique ability to recognize and incorporate new technologies into software and SaaS solutions, eliminate administrative burdens and increase escrow deposit quality and functionality.
Chris began his career in the software escrow industry in the late 1990’s as a Director of Sales with Fort Knox Escrow Services, Inc. where he learned the value of flexibility and outstanding customer service. After Fort Knox’s acquisition by Iron Mountain Incorporated, Chris and several of his fellow directors founded Escrow Associates, LLC with the purpose of continuing the tradition of providing client-focused and innovative escrow solutions. Chris and his partners grew Escrow Associates, LLC into the world’s third largest provider of technology escrow services. In 2011, Escrow Associates was acquired by the NCC Group PLC.
PRAXIS Technology Escrow, LLC was founded specifically to continue to provide innovative solutions to address major software trends that have rendered most software escrow solutions obsolete. A few examples of our innovations include the creation of the first automated escrow solution in 2016 and the continued evolution of SaaS continuity solutions such as data storage, server management and hot site solutions to keep business critical applications running when SaaS vendors fail.
Ashleigh Flower
OPERATIONS MANAGER
Ashleigh Flower is the Operations Manager at PRAXIS, helping to drive key initiatives and oversee day-to-day activities. She joined PRAXIS in 2016.
Ash began her career in management, consulting and marketing, where she focused primarily within the hospitality space. In 2011 she transitioned to an operational role at an Atlanta-based private equity firm. It was during this period that she developed a passion for working with entrepreneurs and a love of learning the nuances of many different industries; which served as the guiding force behind her current career path.
With 15+ years of experience supporting executives, startups, and small businesses, Ash has extensive experience with finance, marketing, and human resources to streamline processes and achieve organizational goals.
She resides in Richmond, VA with her husband and three step-children.
Our Advisory Board
We know software escrow.
Christian Dodder
CEO Fire Protection Services, LLC
Grayson Burnhart
Business Development Executive, LocumTenens
Mark Hopkins
Director HireIQ
Mike Travis
Careers
At PRAXIS, we specialize in providing SaaS, software and technology escrow services to safeguard our clients’ intellectual property and ensure business continuity. Join us and be a part of a company that values expertise, integrity, and customer satisfaction.