Guide & Information
Learn how data escrow protects software developers and their clients
as part of end-user licensing and service level agreements.
What is data escrow?
Without the necessary data, it is immensely hard to bring and keep a software application in a usable and useful state. Data escrow is an effective way of ensuring that any data created and managed by a business-critical software application is never at risk of being lost or inaccessible.
Specifically, by deploying data escrow, the applicaton’s end-user (licensee) ensures they are always able to access the most up-to-date copy of the data they need to operate critical functions and ensure business continuity. The data in escrow can only be released to the licensee under predefined (and verified) conditions, such as in the event of a natural disasters or their licensor running out of business.
Data escrow is a specialized data protection solution designed to maintain the safety and integrity of data essential to the proper functioning of a mission-critical software application.
Any company that builds software applications and their clients.
While data escrow is not intended to replace operational backups, security-minded companies that commission software use data escrow to bolster their risk mitigation. Software developers, on the other hand, use it to boost sales by strengthening their business case and providing more value to their clients.
When you build and use a software application, you create data. There is no way around it. And this data can be stored in environments where software is deployed and executed, including databases in different physical locations, asset stores like AWS S3 and Microsoft Azure, in-memory databases, and many others.
In case critical data suddenly becomes inaccessible for any reason, your software application would lose its normal functionality.
Data loss occurs when data is accidentally deleted or something causes it to become corrupted. Viruses, physical damage, formatting errors, or a combination of these can render data unreadable by both humans and software, posing a risk to the financial health of businesses of all sizes.
Discover how Codekeeper’s modern escrow solutions help leading global companies protect the data they need to operate critical business functions.LEARN MORE
As a trusted escrow agent, Codekeeper’s role is to receive, store, and protect mission-critical data. With cost-effective pricing, you can securely store copies of your data in our world-class data centers for as low as $79 per month, with a start-up fee of only $249.
All plans come with cutting-edge automation technology, advanced security features, rich integrations, unlimited continuous deposits, free escrow agreements and confirmations, and more.
Discover some of the most common (and the most essential) terms and conditions to any successful escrow agreement with this standard bipartite agreement with annotations.DOWNLOAD FREE GUIDE
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