Because of the uncertainty in the economy and recent Wall Street meltdown, the stability of software companies is increasingly volatile. There is great concern about software companies being able to maintain important and Mission Critical software. If your company relies on any type of software for business processes, you may be in danger. A Software Escrow is a useful resource to help prevent lapses in your software use and maintenance.
Several recent articles have covered the software escrow issue, including the following from PC World http://www.pcworld.com/businesscenter/article/151850/the_it_workers_wall_street_meltdown_worry_list.html, saying that “The bottom line is that you need to make sure that you can get a hold of the source code if that company goes under and ensure that it is the correct version and is valid.”
EscrowTech is the leading Software Escrow agent in the country, with offices in India as well. Please see the related blogs and visit www.escrowtech.com for more information about Software Escrows and Technology Escrows.