SpectrumData’s escrow verification services are designed to enhance the protection of your data already held in escrow and provide you with an additional level of confidence and peace of mind. Our escrow verification services add value to your escrow agreement by ensuring that your valuable data are checked and validated on deposit, therefore enhancing the level of the protection already attained by the signing and implementation of an escrow agreement.
Our three tiered service offering is both affordable and comprehensive and can be integrated into your escrow agreement schedule so that each deposit of intellectual property is verified and complete.
Escrow agreements and the deposits made into escrow need to be audited, managed and monitored. Although these types of agreements are common and give the signing parties a basic level of comfort, they in fact provide little protection from scenarios such as:
- The software development company becoming insolvent – how do you know that the source code deposited in escrow is complete and comprehensive code?
- Deposits of media contain some source code, but not all of the source code libraries are present.
- The inability to compile the source code on deposit due to a breakdown in tracking the development environment the code was created in.
- Incomplete build instructions which have never been verified or tested.
- Inadequate comments in coding and documentation throughout long periods of development impact the integrity of source code and hinder the ability for further application progress.
SpectrumData’s escrow services are designed to protect you from these events. Our services are not just a verification of your written escrow agreement, but rather a technical and in depth verification of the deposited material itself.
SpectrumData offers three levels of Escrow service giving you a solution that bests meets your needs and budget. Our range of escrow verification services provide three different levels of confidence and protection for your software investment:
SpectrumData Escrow CONFIRM
Basic Escrow Deposit Verification & Reporting
SpectrumData Escrow COMPARE
Advanced Escrow Deposit Verification & Analysis
SpectrumData Escrow COMPILE
Professional – In-depth Escrow Deposit Compilation & Testing
SpectrumData provides escrow verification services in partnership with DataBank Escrow. DataBank Escrow Service assures you of an experienced, responsive and trustworthy partner keeping intellectual assets safe and securely accessible over the life of software deposits in its custody. DataBank Escrow acts as a trusted neutral third party to administer software and technology arrangements and can tailor an escrow program to suit your business requirements. As part of this service offering, SpectrumData offer these deposit verification services to enhance the protection of your data held in escrow deposit. For more information on DataBank's escrow services, please click here.