FOR IMMEDIATE RELEASE
(Lehi, UT) Today more than ever software developers need to have access to a reliable partner who will keep their source code safe while making sure the end users maintain the ability to use the mission critical software should the worst happen. In an effort to meet this demand, EscrowTech International, Inc. launched software escrow services to provide developers, as well as end users with invaluable peace of mind.
“With our software escrow services, developers and users can mitigate the business continuity risks associated with a software license,” stated company representative Bryan Christiansen. “If you are responsible for creating mission-critical software applications, you need to provide your customers with some type of guarantee that you – or at a minimum, your source code – will be around in case they ever need maintenance, recompiling, updating or reinstallation. Even if you have a sterling reputation, your customers may want more than just your word if they are making a major software purchase.”
The software escrow service provided today is the something extra many customers are looking for. It is a method of reducing risk when there are two, or more, parties that are working to negotiate a software license. By using source code escrow services, the source code will be placed in a secure account and held by a reputable independent third party.
“With our services, if the software developer is unable to support their product for the reasons outlined in the escrow agreement, such as merger acquisition, obsolescence or bankruptcy, the licenses are still going to have access to the source code needed to keep the mission-critical applications up and running,” continued Christiansen.
With the software escrow solutions provided by EscrowTech, parties can enjoy smoother negotiations, establish confidence by addressing concerns of potential licensees and provide safe storage of the source code, along with other materials with a single company rather than scattered across several customers. The additional security and peace of mind make the services invaluable for modern businesses.
ABOUT ESCROWTECH INTERNATIONAL, INC
EscrowTech offers “two site” storage for source code, IT assets, documentation, intellectual property and other types of technology materials to provide added retention security at no additional fees. The company offers clients 24-hour armed protection, as well as 24-hour electronic surveillance. The vault is also constructed with fire retardant material and located inside of a granite mountain. Thanks to the unique construction, the location is natural disaster proof and meets the federal standards regarding temperature, humidity and other factors for archival storage.
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