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.

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