Software and SaaS Escrow Services for the Indian Market
India builds software for the world. PRAXIS protects it. Our escrow agreements help Indian developers win global contracts and give Indian enterprises a way to keep critical software running if a vendor can't.
Why Software Escrow Matters in India
India is one of the world’s largest software and IT services markets. Indian SaaS companies sell to customers in the US, UK and Europe. Global enterprises run engineering and capability centres across Bengaluru, Hyderabad, Pune and Chennai. Indian banks, insurers and manufacturers depend on licensed software to run their core operations.
Every one of those relationships carries the same risk: what happens to the customer if the software vendor goes out of business, is acquired, or stops supporting the product?
Software escrow answers that question. The developer deposits source code, documentation and, for SaaS, the deployment and data assets with PRAXIS, a neutral third party. If an agreed release condition occurs, PRAXIS releases those materials to the licensee so it can keep operating.
For Indian developers and SaaS providers, escrow is often the deciding factor in an enterprise deal. Large customers, particularly in the US and regulated industries, increasingly require it before they sign.
For Indian enterprises and financial institutions, escrow is a practical way to show that a critical vendor relationship has a tested exit path.
Why Choose PRAXIS for India
Escrow Agreements Built for the Indian Legal Landscape
PRAXIS structures escrow agreements with India’s legal and regulatory environment in mind, while keeping them workable for the global customers Indian companies serve.
Release conditions that work under Indian insolvency law
Under the Insolvency and Bankruptcy Code, 2016, a moratorium applies once insolvency proceedings begin. Indian courts have also restrained some contract terminations made solely because insolvency began. That is why PRAXIS helps parties define practical, performance-based release conditions, such as failure to support or maintain the software, alongside insolvency events.
Support for regulated financial institutions
The RBI’s Master Direction on Outsourcing of IT Services, 2023 expects banks and NBFCs to have exit strategies and tested business continuity plans for when an IT service provider exits or becomes insolvent. A software or SaaS escrow agreement with verified deposits gives regulated entities documented evidence of that continuity planning.
Flexible governing law and dispute resolution
Indian companies serving US and international clients can choose Indian law, US law, or another agreed jurisdiction. Agreements can include arbitration, which India supports under the Arbitration and Conciliation Act, 1996 and as a New York Convention country, for cross-border enforceability.
Data protection awareness
India’s Digital Personal Data Protection Act, 2023 and its 2025 Rules are being phased in through May 2027. PRAXIS helps parties decide what belongs in a deposit and how personal data in SaaS backups is handled, so escrow supports your compliance program rather than complicating it.
What Services Does PRAXIS Offer Indian Businesses?
- Software Escrow: Source code, build instructions and documentation are held securely and released to the licensee if an agreed condition occurs.
- SaaS Escrow: Protects cloud-hosted applications with escrowed code, deployment scripts, credentials and data, plus customizable recovery environments so service can be restored quickly.
- Source Code Escrow: A focused option for licensors who need to meet a customer’s contract requirement simply and affordably.
- Custom Software Development Escrow: Ideal for outsourced development and global capability centre work, so the commissioning company can access the code it paid for.
- Deposit Audits and Testing: Independent verification that deposits are complete and can be built, so a release is usable when it matters.
- Automated Escrow Depositing: Repository integrations keep deposits current without manual effort.
Why Indian Businesses Choose PRAXIS
Win global enterprise deals: Meet the escrow requirements US and European customers put in their contracts, and close faster.
Protect your intellectual property: Your code stays confidential and is released only under the conditions you agree to.
Give customers continuity: Licensees know they can keep operating if the vendor can’t support them.
Support regulatory expectations: Help banks, NBFCs and other regulated customers document their exit and continuity planning.
Spend less engineering time on escrow: Automated deposits keep materials current with no manual uploads.
SOC2 Certified Security and Operational Excellence
As a SOC2-certified escrow provider, PRAXIS adheres to the highest standards of data security and confidentiality. Our certification reflects our commitment to maintaining the integrity of your escrowed assets and ensuring they remain protected from cyber threats, unauthorized access, and data breaches.
Industry-Leading Expertise and Automation
At PRAXIS, we are pioneers in Automated Escrow Solutions. Our innovative automated system makes maintaining an escrow deposit effortless. By integrating directly with your version control systems, PRAXIS ensures that your escrowed materials are always up-to-date and securely stored. This automation not only simplifies the escrow process but also enhances compliance and reduces administrative costs.
Secure Your Software and SaaS Applications with PRAXIS
Whether you’re an Indian SaaS company closing a deal with a US enterprise, or an Indian bank protecting a core system, PRAXIS makes escrow simple, secure and current.
Get all your questions answered or get started today.
Call us at 1-770-450-1202 or complete the form below.