Why YOU should choose PRAXIS
Automated Escrow
“Set it and forget it” knowing that your escrow deposit is always updated. Save time and money while improving quality. Learn more here.
Flexible Agreements
PRAXIS is the most flexible agent in the industry.
Customer Service
Responsive and friendly service that is 100% guaranteed!
Innovative SaaS Escrow Solutions
PRAXIS can keep your SaaS application running even if your vendor fails. Learn more here.
SOC2 Compliant
This demonstrates the company's commitment to the industry's highest standards for managing customer source code, data and intellectual property.
PRAXIS' Clients
Innovation
Automated Software Escrow – PRAXIS was the first software escrow agent to provide automated source code escrow updating services by connecting directly to a software vendors source code archival system. We connect directly to GitHub, BitBucket and most other source code archival systems. Read more here.
Why? Historically, most software escrow agreements were only updated 2.3 times per year, on average. The process was manual with software vendors being required to burn DVD’s and ship physical media or bundle IP and submit materials to the escrow agent via FTP service. Either process requires initiative and action on the part of the software vendor. We removed the majority of the friction in making updates to software escrow accounts and dramatically improved the quality of escrow deposits. When a beneficiary must rely upon a software escrow deposit to support their mission critical application they typically need the most updated source code.
Benefits of Automated Escrow
Quality
Software escrow deposits are updated automatically every week. And we keep all previous versions so our clients are more protected.
Efficiency
Software vendors that choose PRAXIS have more time to focus on their business because updating their software escrow is automatic.
Assurance
PRAXIS monitors the automated updating service and notifies the software vendor of any syncing issues.
Flexibility
Customization
PRAXIS knows that each technology transaction is unique so we encourage our clients to modify our template agreements to meet the specifics of their situation. In additional to providing agreement templates for software escrow, SaaS escrow, source code escrow, trade secret escrow, intellectual property protection escrow and many other types of escrow agreements we can also provide sample language that we have collected over the years to help you further customize your agreement.
Upgradable Services
Value
100% Satisfaction Guarantee
If you’re 100% not satisfied with our service during the first 30 days for any reason, please let us know. If we cannot resolve the issue to your satisfaction, we’ll refund your money. No questions asked!
Why Trust PRAXIS?
PRAXIS Technology Escrow, LLC is a profitable, SOC 2-certified, debt-free leader in software escrow, SaaS escrow, source code escrow, and software continuity. With industry-first Automated Escrow™, Infinite Retention™, and expert financial backing, we outperform competitors like large and small.
At PRAXIS Technology Escrow, we recognize that entrusting business-critical software, source code, and proprietary assets to an escrow provider requires absolute confidence in our financial stability, operational integrity, and security measures.
Financial Strength & Stability
PRAXIS, founded in 2016, is a profitable, debt-free company, ensuring long-term financial security for our clients. We are privately held and were founded by Chris Smith, a recognized leader in the technology escrow industry since 1998. Chris previously built and successfully sold Escrow Associates, LLC to NCC Group in 2012, demonstrating his ability to create and operate a reliable, high-quality escrow service. Unlike many escrow providers that depend on outside investors or venture capital, PRAXIS is built for stability, with decisions driven by client security rather than external financial pressures.
Insurance & Risk Protection
To further reinforce our commitment to reliability, PRAXIS carries professional Errors & Omissions (E&O) insurance with a $2 million per occurrence limit. This policy is specifically designed to safeguard clients against unforeseen errors or omissions in escrow services. However, we have never lost an escrow deposit, never made an insurance claim, and never been sued—a reflection of the precision and care with which we manage escrowed assets.
Industry Leadership & Innovation
PRAXIS is the industry's innovation leader, having built the first Automated Escrow™ solution—an advanced platform that seamlessly integrates with GitHub, Bitbucket, and other source code management systems to automate escrow deposits in real time. Additionally, we are the only technology escrow provider offering an Infinite Retention™ data policy, ensuring that escrow deposits remain securely stored without arbitrary deletion policies that could compromise business continuity.
Industry-Leading Security, Compliance & Business Continuity
In addition to our financial strength and innovation leadership, PRAXIS is one of the very few escrow providers that is SOC 2 certified. This independent third-party certification verifies that we meet the highest standards for security, availability, processing integrity, confidentiality, and privacy. Unlike most escrow agents who do not undergo this rigorous audit, PRAXIS ensures that all security measures are continually reviewed and improved. Our SOC 2 certification also includes a review of our Business Continuity Plan (BCP), ensuring that we have a tested framework in place to continue operations under any circumstances. This adds another layer of assurance for our clients, who depend on PRAXIS to maintain the integrity and availability of their escrowed assets, even in disruptive situations.
Governance & Strategic Guidance
PRAXIS benefits from the expertise of a Board of Advisors composed of leaders from diverse industry backgrounds. Their insights provide valuable directional advice, ensuring that our company continues to evolve, innovate, and maintain the highest standards of service and security. This governance structure helps us anticipate industry trends and client needs, reinforcing our commitment to long-term stability and leadership in the escrow space.
Our clients can trust PRAXIS because we combine financial strength, debt-free stability, comprehensive insurance protection, an impeccable track record, industry-first innovations, SOC 2-certified security, a rigorously reviewed Business Continuity Plan, and strategic guidance from an experienced Board of Advisors. We have built our reputation on reliability, compliance, and transparency, ensuring that your clients’ most valuable assets remain safeguarded in all circumstances.