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Testimonials

'In today's business environment, companies are largely dependent on third party knowledge - for example, the IT knowledge which has developed the systems that manage a call centre or a tracking system such as incident management and forecasting, or the fraud detection system used by the major retail chains. This dependence implies risk, particularly if the system is directly related to the core business process. In addressing such risk, it is crucial to mitigate the company's exposure and a key solution would be use of an escrow deposit.'
Robin Atkinson, manager, Institute of Risk Management South Africa

'The agreement Fedict has with Escrow Europe is the logical consequence of the decision taken by the Government to speed up the use of information technology to improve its services to, and dialog with, the public. Also, the new principles of corporate governance with increased accountability of the Government's policy convinced Fedict of the necessity to affirm a balanced and guaranteed escrow arrangement.'
Dominique Volon, managing director: services, Federal State Service for Information and Communication Technology (Fedict), Belgium

'The uniqueness of Escrow Europe, without a doubt, is the completeness of the services provided at the highest quality - especially the extended verification services, tailor-fit legal contracts, and active follow-up for updates and new releases - all provided by a local representative to the doorstep of your business. I am very proud and excited to join this professional and supportive organisation spread throughout Europe and represent them in Israel.'
Ronen Slutzky, managing director, Escrow Europe Israel Ltd

Sarbanes-Oxley, risks, controls, compliance. These are some of the most common terms being used in many boardrooms these days. They join the old favourites of value and performance. The landscape of corporate governance has changed immensely since the emergence of recent corporate failures and resulting legislation and regulations. The sheer volume of new requirements, coupled with responsibilities placed by legislation and stakeholders, is overwhelming C-level executives, board members and audit committees. While it is easier said than done to consistently deliver ROI on IT investments, that is the challenge that faces the person in the CIO's hot seat. And, it is the responsibility of the CEO to support his or her CIO to meet that challenge.'
KPMG, Johannesburg

'Today, company secretaries and compliance officers all need to be able to 'tick off' good governance, as well as contain basic risk exposure such as reliance on the use of intellectual property that they do not own. By entering into an agreement with Escrow Europe, we are demonstrating our commitment to assisting both existing and potential customers meet their corporate governance requirements as well as streamlining the process for them.'
Steve Symes, managing director, Genasys, South Africa


Supplier Benefits

 

For you as an ICT Supplier or Developer, the benefits of an Active Escrow Agreement include the following:-

Sell more product, more quickly: In a positive and structured way you are able to meet a growing need among clients and, by excluding unnecessary discussion, shortening the sales cycle substantially. Having an Active Escrow arrangement in place for your clients gives you a tangible advantage over competitors of any size. Our Active Escrow arrangement effectively eliminates Business Continuity risk for your clients and encourages the client to use your licensed products in preference to those of even the largest software suppliers/developers.

Single Deposit Advantage: Escrow Europe makes it easy if you have multiple licensees based on one deposit into escrow of your source code (per product). You make a single deposit on behalf of all your licensees and Escrow Europe takes care of the administration/prompting for updates as well as the logistics involved with deposit release, should this be applicable.

Patent, Trade Secret and Copyright Preservation: Our Active Escrow arrangements provide you with documentation when securing a patent claim, significant assistance in an infringement suit and robust proof to support an intellectual property copyright claim.

Disaster Recovery: Permanent loss of critical IP information (code, executables, data, technical documentation etc) is not an option. Having your most valued asset in escrow with a neutral third party provides you with an alternative to disaster in the event of an emergency. As the escrow agent, Escrow Europe will maintain a copy of your intellectual property stored off-site in a professional vaulting facility and available for restoration.

Collateral Provision: Putting up your technology as collateral may secure your company much needed funds and, in fact, many lending institutions, such as venture capitalists, angel investors, and banks are requiring technology escrow for asset backed loans where the borrower is using its technology as collateral.

Reduced dependency on key employees who tend to 'hoard' instead of 'share' information. 30 day escrow deposit cycles can ensure proper delivery according to functional specification and agreed deliverables (including documentation) when independent technical verification is performed on each deposit as a matter of course.

Electronic Deposit Delivery: We have several options for Depositors wanting to send their deposits to Escrow Europe electronically.

Quality Deposits: Our Verification services provide assurance to you and your clients that all source code deposits meet a superior technical standard.

Peace of Mind: On request, Escrow Europe can provide extended verification services. Compilation is included in the analysis and testing of the deposit which verifies that the deposit is readable, correct, and complete in all respects. This testing provides peace of mind to all parties that the escrow deposit will be useable, if released.

Professional drafting of Agreements: All Escrow Europe agreements are modifiable. If requested, we will assist you in addressing your specific requirements. As we list more than 15,000 clients as Beneficiaries, we have a broad knowledge of requirements in this area.

 

The professional services that Escrow Europe has to offer add significant value for you and your most prized asset, your clients.

 

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