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 business continuity. Here’s how we approach each component of a complete technology escrow solution:
The Escrow Agreement
The foundation of any code escrow or software escrow solution is the escrow agreement itself. This legal document clearly outlines the terms under which the escrowed materials—such as source code, documentation, and any essential data—are held, updated, and released. Whether you are a software provider or a licensee, a well-drafted escrow agreement protects both parties and ensures that everyone understands the conditions for escrow release, such as vendor insolvency or failure to support the product.
At PRAXIS, we specialize in helping our clients establish custom escrow agreements that cater to the specific needs of software and SaaS escrow relationships, ensuring full compliance with the unique requirements of each transaction.
With software evolving rapidly due to Agile development practices, it’s crucial to keep escrow materials up to date. PRAXIS’ proprietary Automated Escrow ™ solution directly integrates with popular source code repositories like GitHub and Bitbucket. This automation ensures that every change or update to the code is automatically added to the escrow deposit, maintaining its accuracy without manual intervention.
This automated approach guarantees that you always have access to the latest version of the software in escrow, safeguarding your business from potential vendor failure while minimizing the risk of outdated deposits.
Testing of Escrow Materials for Completeness and Functionality
Simply having source code in escrow is not enough. It’s essential to verify that the deposited materials are both complete and functional. Our rigorous testing procedures ensure that the deposited source code, documentation, and any other escrowed materials can be successfully used to recreate or run the software or SaaS application in the event of a release. This verification provides peace of mind, knowing that your business will have everything it needs to maintain operations in case the vendor fails to meet their obligations.
PRAXIS goes beyond basic deposit services by conducting thorough technical verifications. This includes functionality testing, dependency checks, and ensuring the integrity of the code.
Continuity Site as a Failover Solution
In the event of a vendor failure, PRAXIS offers a unique SaaS continuity solution called a Recovery Environment: a fully managed failover site. Our Recovery Environment serves as an operational backup for your software or SaaS application, hosted securely within our AWS or Azure platform. Should your software or SaaS vendor become unable to provide services, this failover site ensures that you can continue operating without interruption.
PRAXIS sets up and maintains a fully functional environment where the software vendor installs and maintains the application and necessary data, providing timely access when you need it most. This makes our SaaS escrow services an invaluable component for businesses reliant on cloud-based applications.
Complete Protection with PRAXIS
A comprehensive technology escrow solution goes far beyond simply storing source code. PRAXIS delivers a full-service approach with a legally binding escrow agreement, thorough testing to verify completeness and functionality, and a failover SaaS continuity site that guarantees business continuity in the event of vendor disruption. Our Automated Escrow solution ensures your deposits remain current, allowing you to focus on growth while we handle the complexities of escrow management.
Let PRAXIS help you protect your critical software and SaaS assets with a complete software escrow, source code escrow, and SaaS continuity solution that’s built for the modern world. Contact us today to learn how we can secure your business.