ESCROW FOR SOFTWARE USERS
THE RISK
Your software provider:
- Ceases to support your software
- Goes out of business
- Is bought by a competitor
- Loses key developers
THE SOLUTION
- Ask the software provider to place their software in escrow
- Depending on the business importance of the software ask us to check that the source code is correct
WHAT WE DO
- Act as trusted third party to hold source code in case a release event occurs
- Undertake escrow audits to ensure that the software provider has implemented its escrow obligations
- Undertake escrow risk analyses with you to ensure that you acquire the correct level of assurance
- Undertake verification and validation services on the source code to give you assurance that the code will be usable if a release event occurs
- Provide escrow advice
BENEFITS FOR SOFTWARE USERS:
Assurance of business continuity
Mitigate the risk of your solution provider going out of business
Meets governance requirements which require that software escrow is in place
Chattan Escrow is a well-established escrow agent who has been providing escrow and verification services to its clients for over 13 years.