Source Code Escrow
For Software as a Service (SaaS) and cloud providers, source code escrow is critical to protecting clients. In the event of a business disruption which leaves a company unable to provide contracted services, clients want assurances that the software they use to run their critical business functions will be available to them.
Escrow Services for Providers
Source code escrow services provide them this assurance. As a service provider you dictate the terms by which Integrity may release your source code to your clients. Source code escrow agreements show good faith on the part of the SaaS provider and put the client at ease knowing a business disruption at the SaaS provider doesn’t mean a lengthy process to identify a new vendor and perform a data conversion.
Escrow Services for Clients
Source code escrow services ensure that if your SaaS or cloud provider has financial difficulties, decides to exit the business or has other disruptions you’ll still have access to the source code and applications. With this source code you can choose to use run the software in another location to keep your business running.
Thinking about exit strategies is not pleasant when starting a new relationship with a client or vendor. However it’s the only way to ensure both parties are protected in the event of unforeseen circumstances. Using a neutral 3rd party for source code escrow ensures the interests of both parties are addressed fairly and expeditiously.