SEC Guidance on Data Escrow for Broker Dealers

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 »

EscrowED: Escrow Required for Election Software in Colorado

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 »

FFIEC Guidance for Software Escrow

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

FFIEC Guidance for Software Escrow Read More »

SaaS Escrow Services Market Research, 2031: Unlocking Growth and Mitigating Risks

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 »

Enhancing Security and Efficiency: The Case for Switching to PRAXIS’ Automated Escrow Solution for Student Information Systems Software and SaaS Companies

Student Information Systems (SIS) software and Software as a Service (SaaS) companies play a crucial role in modern educational institutions, providing essential tools for managing student data, academic records, and administrative tasks. As guardians of sensitive information, these companies must prioritize security and compliance to safeguard data integrity and maintain trust with their many clients.

Enhancing Security and Efficiency: The Case for Switching to PRAXIS’ Automated Escrow Solution for Student Information Systems Software and SaaS Companies Read More »

The Seven Fundamentals of Software/SaaS Escrow Agents: Ensuring Trust and Security in the Digital Era

In today’s rapidly evolving digital landscape, the protection of intellectual property (IP) and critical software assets is paramount for businesses worldwide. Software as a Service (SaaS) and software-based companies heavily rely on their proprietary technology to drive innovation, competitiveness, and revenue generation. However, the inherent risks associated with technological advancements, such as data breaches, system

The Seven Fundamentals of Software/SaaS Escrow Agents: Ensuring Trust and Security in the Digital Era Read More »

Comprehensive Summary of California’s Escrow Regulations for Ballot Tally Software Program Source Codes

The article delves into the regulatory framework established by the California Code of Regulations concerning the escrow of ballot tally software program source codes. This process involves collaboration between the state, vendors, and escrow companies and is governed by eight distinct articles under Title 2, Division 7, Chapter 6 of the California Code of Regulations. 

Comprehensive Summary of California’s Escrow Regulations for Ballot Tally Software Program Source Codes Read More »

Safeguarding Trade Secrets in Medical Manufacturing: The Role of Escrowing Manufacturing Processes

In the competitive landscape of medical device manufacturing, trade secrets are often the lifeblood of businesses, providing them with a unique edge in the market. These trade secrets encompass a range of proprietary information, from manufacturing processes to formulations, crucial for maintaining a competitive advantage. However, when selling a medical manufacturing business built upon these

Safeguarding Trade Secrets in Medical Manufacturing: The Role of Escrowing Manufacturing Processes Read More »

Case Study: Safeguarding Business Continuity: PRAXIS’ Automated Software Escrow Depositing and Technical Verification Services Ensure Uninterrupted Operations and Avoidance of Costly Repercussions for a Financial Services Giant

Introduction: In the rapidly evolving technology landscape, businesses rely heavily on mission-critical software for seamless operations. This case study explores the pivotal role played by PRAXIS’ solutions, namely Automated Escrow Depositing and Technical Verification in preserving essential software build documentation and ensuring application continuity.   Client Overview: A prominent financial services company relied on a

Case Study: Safeguarding Business Continuity: PRAXIS’ Automated Software Escrow Depositing and Technical Verification Services Ensure Uninterrupted Operations and Avoidance of Costly Repercussions for a Financial Services Giant Read More »

Technical Data Escrow is the New Black

The U.S. Army sustainment community is addressing the challenges of emerging cyber threats, evolving technology, and innovation by near-peer adversaries. To support modernization efforts, the Army is reevaluating its approach to managing intellectual property (IP) which is vital for the military’s ability to modernize weapons systems while maintaining technological dominance. One such approach is technical

Technical Data Escrow is the New Black Read More »