Do you depend on third party software or contractors ?
Then you are at risk – and probably don’t even know it.
Insolvency, bankruptcy or the takeover of someone you deal with can cause you problems
Don’t be caught out …….
“We didn’t even know our supplier had problems…..”
Whatever you call it – business risk, continuity planning or just good practice, we are here to help both sides of the supply chain
Call +44(0)2380 760909 today
Data Escrow is an easy way of ensuring your business can perform even if your supplier or partner does not - a contingency plan that’s low cost, easy to implement and can save your business
Suppliers and partners can still protect their information, products, know how or Intellectual Property (IP) - but should they disappear you are able to gain access to support yourself or supply to others
Don’t confuse our service with data backup
DATA ESCROW IS PLAN “B” FOR YOUR WHOLE BUSINESS
Can you afford not to call us ? +44 (0)2380 760909
Sets of rules and trigger points are defined which allow the release of sensitive information under a set of pre-determined criteria
The rules are defined on a case by case basis to suit your business
The most typical being
Customer – Single Supplier
Customer requires assurance of long term support or access to source code etc.
Supplier – Multiple Customer
Supplier assures all of its customers long term viability of their products - by putting IP or source code in escrow before supply (often viewed by the supplier as a marketing aid)
There is no definitive list of items that should be kept under escrow
In fact anything that can be stored digitally can be stored in a secure third party - here are just a few examples
Source Code for bespoke software, websites etc
Technical and Engineering Drawings
Supplier and customer lists
Commercial contracts…..
Contract release terms
We appreciate that you will need something tailored to your needs so please feel free to give us a call to discuss.
Finance company: A bespoke software security system was written to protect sensitive information. The source code in this instance posed a security threat as well as a business risk. Third party secure escrow chosen which was also linked with a support contract that allowed the authors to only talk with nominated personnel from within the finance company.
Large Public Organisation: All contracts have an Escrow term in their terms of supply, an example is below... Many organisations will pay for this service as part of the contract.
"Provide evidence that the complete programme and software for machine controlled by a micro processor has been lodged with an independent body together with instructions. In the event of the supplier ceasing to trade or failing to attend to software related problems, the purchaser shall then have access to the programme and software ( ie: ESCROW )"
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