Blog
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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. […]
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 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. […]
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 […]
PRAXIS’ Automated Software Escrow Depositing and Technical Verification Services Ensure Uninterrupted Operations and Avoidance of Costly Repercussions for a Financial Services Giant 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 […]
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 […]