At PRAXIS Technology Escrow, we understand the critical importance of maintaining a comprehensive and secure record of your software and SaaS assets. Our Infinite Retention™ policy ensures that every version of your source code and other critical intellectual property is preserved indefinitely, providing unparalleled protection and peace of mind. How It Works With our Automated […]
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Technology escrow agreements safeguard critical intellectual property (IP) by ensuring that escrowed materials are only distributed under predetermined conditions outlined in comprehensive agreements. At PRAXIS Technology Escrow, each agreement includes at least one Deposit Account—digital or physical—where all escrow materials are securely stored. Each Deposit Account is uniquely tailored, with its own list of beneficiaries
At PRAXIS Technology Escrow, we provide comprehensive software escrow, SaaS escrow, and source code escrow services designed to protect your business in the event of a software or SaaS vendor failure. Our complete escrow solutions are built on three critical building blocks to ensure that your assets are fully safeguarded and that you can maintain
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In the competitive world of high-value domain name transactions, securing a smooth and secure transfer is paramount. PRAXIS Technology Escrow played a crucial role in facilitating a nearly one million dollar domain name sale between a buyer and seller, ensuring that both parties met their obligations over an extended period. This case study highlights how
Case Study: Facilitating a High-Value Domain Sale with PRAXIS Technology Escrow Read More »
Our latest white paper dives into how software escrow and technical verification services can safeguard critical software investments, especially when working with start-up providers. Using the example of a major waste management company, the white paper explains how software escrow ensures business continuity by providing access to the software and source code in case of
White Paper: How Software Escrow Protects Critical Business Software in Uncertain Times Read More »
The integrity, transparency, and security of New York’s electoral process are currently at risk due to the State Board of Elections’ decision to manage voting system software escrow internally. While the goal is to ensure compliance with federal and state requirements, this approach presents significant challenges. Without the involvement of a neutral third-party technology escrow
The Case for Neutral Third-Party Technology Escrow Agents in New York’s Voting System Read More »
Software escrow serves as a critical component of risk management strategies for organizations reliant on third-party software services, such as broker-dealers affected by the Securities and Exchange Commission’s (SEC) amendments to electronic recordkeeping requirements. This extended analysis further explores the role of software escrow in addressing the challenges posed by regulatory changes, emphasizing its benefits,
SEC Guidance on Data Escrow for Broker Dealers Read More »
The following is an explanation of the sections of the Colorado Revised Statutes regarding the handling, escrowing, and management of election software and setup records. This legislation aims to ensure transparency, security, and accountability in the use of electronic systems for voting and tabulating election results. Let’s delve into a comprehensive analysis of each section
EscrowED: Escrow Required for Election Software in Colorado Read More »
Re: Federal Financial Institutions Examination Council’s Risk Management of Outsourced Technology Services This statement outlines the risk management process for financial institutions when outsourcing technology services. It emphasizes the importance of identifying, measuring, monitoring, and controlling risks associated with outsourcing arrangements. Financial institutions are encouraged to follow the guidance provided in this statement and the
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According to Allied Market Research, the SaaS escrow services market is poised for significant growth, reflecting the increasing importance of safeguarding access to critical cloud-based applications. In 2021, the global market stood at $5.4 billion, and it’s projected to surge to $18.4 billion by 2031, boasting a remarkable CAGR of 13.4% from 2022 onwards. Understanding
SaaS Escrow Services Market Research, 2031: Unlocking Growth and Mitigating Risks Read More »