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WorldEscrow N.V./S.A.
Your Business Continuity, our Service.

Online Support

Contact us

WorldEscrow
Level 2, Prestige Omega,
No: 104, EPIP Zone, Whitefield,
Bangalore – 560066
India
Tel +91 (0)80 6771 0903

Flanders Bio

Welcome Users

You are a user of software and you are pretty dependant on the correct functioning of your software. You’ve heard of something called ‘software escrow’ and got intrigued. What exactly is Escrow? How can it help you? Put in short: Why could you need Escrow? This page already offers a lot of answers, as does the rest of this website. Should you still have questions after reading or if you have some more specific questions right now, contact us. We’re happy to help.

What is Escrow? Escrow is all about continuity. In any escrow contract, two parties agree to make a deposit of something vital, mostly software source codes, and store it with a third party who checks the deposited material and keeps it safe. This way, should the supplier stop with maintaining or developing your software, you can hand all documentation and necessary information over to the new developer, so that you don’t create any continuity gap. On top of that, WorldEscrow offers you a possibility to execute verifications of your deposits.

What do you gain by signing an Escrow agreement? The answer is short and simple: time and money. It’s the simple equation of the time, money and effort you’d have to make should your supplier stop maintaining your software and of doing the same thing with the knowledge that you’d have all programs and documentation at your disposal.

Of course, not all software or products share the same level of vitality. In order not to make you pay money for a program that isn’t worth it, we advise you to take a look at the checklist below. If your program(s) match one or multiple of the points, considering escrow might not be a bad idea.

  • The technology is critical to your companies process
  • The technology is not easily replaceable
  • Conversion to another technology would stand in the way of your business continuity
  • Replacement of the technology is not possible without considerable additional expense