Software Escrow

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Technology has revolutionised the world we live in. Computer software is capable of speeding up processes, improving quality, and enabling products and services to be delivered more quickly and cost effectively. Software has become the engine of industry.

But our reliance on computer software presents risks…

Because of the pace of change and the cost of advancing and improving computer systems, most businesses now rely on third parties to supply and maintain their software systems. However, this reliance on third parties involves risk that needs careful management, particularly if the third party is responsible for the operation of mission-critical technology.

Unfortunately, the economic downturn has exacerbated these risks.

Software escrow provides a solution.

Our unique Intellect Enterprises Software Escrow Service combines flexibility, simplicity, and cost effectiveness.

Benefits for the end-user: 

• Empowers the user to fix, maintenance, and/or develop the software itself if things go wrong;
• Insurance policy against default by the owner;
• Essential risk management.

Benefits for the software owner:

• Source code need not be handed over to the user in advance (therefore confidentiality of source code is maintained);

• Adds value to software: software protected by software escrow is worth more; prudent users will not take the risk of "uninsured" software contracts.

Testimonial

“We are very pleased with Intellect Enterprises' Escrow service, which is simple to operate and competitive.”
Mark Chapman,
Managing Director,
StaffPlan
March 2009