Source Code Escrow

Why Software Escrow Should Be a Priority from Day One of Custom Development

In today’s digital age, businesses increasingly rely on custom software solutions to stay competitive and efficient. Whether it’s a specialized SaaS platform, proprietary algorithms, or a custom ERP system, the investment in bespoke development can be substantial. However, one critical aspect often overlooked is how to safeguard that investment: placing the source code, related documentation, […]

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Case Study: Consolidating Escrow for Savings & Superior IP Protection: How PRAXIS Transformed a Software Holding Company’s Approach

Download the Case Study here. Background A rapidly growing, multinational software holding company manages a diverse portfolio of software and SaaS businesses across multiple industries. With a primary focus on intellectual property (IP) as their most valuable asset, the company had been using disparate escrow providers and processes for each of their subsidiaries, resulting in

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PRAXIS Infinite Retention Policy

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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Choosing the Right Escrow Deposit Storage Strategy: Managing Risks and Protecting Your IP

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

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White Paper: How Software Escrow Protects Critical Business Software in Uncertain Times

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

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The Case for Neutral Third-Party Technology Escrow Agents in New York’s Voting System

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

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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,

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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

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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

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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

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