NCC Group is the Right Choice for Software Escrow Services
NCC Group provides cost-effective software escrow services protecting the interests of both technology developers and their clients who license their products. NCC Group is a privately-held company located in Brecksville, Ohio (suburb of Cleveland). NCC Group, which has been providing software escrow services to varied computer industry sectors, acts as a neutral third party and holds a copy of the Deposit Materials in an offsite storage facility for the life of the license agreement for the benefit of both the Software Developer and Beneficiary.
Escrow beneficiaries rely on technology vendors for technical support and maintenance. This dependency, especially if it involves software related to mission-critical business operations, exposes them to certain risks. If, for instance, a technology vendor went out of business or stopped supporting the license software for other reasons, the licensee would likely suffer considerable losses in revenue and productivity. A technology escrow agreement gives licensees the ability, under specific and controlled circumstances, to gain access to the source code needed to maintain the technology.
NCC Group is a leading global provider of independent IT assurance, security and consultancy services. As a trusted advisor, we help over 15,000 public, private and not for profit sector organisations, including 94 out of the FTSE 100 to make the most efficient use of information and technology and to manage the associated risks.
Escrow software simply means to deposit the source code of software into the account which is held by a third party. Software Escrow is requested by a party to ensure the maintenance of the software. The code of the software is released to the holder, if in case he faces bankruptcy and has files for it. In case, he is not able to maintain an upgrade the software regularly, the source code is released.
We have combined our expertise across these areas to create a unique, market-leading Certification Programme – 365 assured by NCC Group. 365 assured involves taking an advanced best practice approach to IT security whilst providing you and your organisations, business partners and auditors with assurance in the security, availability and performance of your infrastructure, web sites and applications.
Our software escrows typically involve an Owner (the licensor, vendor or developer), at least one Beneficiary (the licensee, customer or user), and NCC Group as the escrow agent. We also offer multiple beneficiary and multiple licensor software escrows.
During the first year of your first escrow, if you are not satisfied for any reason, you may terminate the escrow and receive a full refund of the escrow fees paid by you. See the "Satisfaction Guarantee" in the Software Escrow Agreement.
Escrow beneficiaries rely on technology vendors for technical support and maintenance. This dependency, especially if it involves software related to mission-critical business operations, exposes them to certain risks. If, for instance, a technology vendor went out of business or stopped supporting the license software for other reasons, the licensee would likely suffer considerable losses in revenue and productivity. A technology escrow agreement gives licensees the ability, under specific and controlled circumstances, to gain access to the source code needed to maintain the technology.
NCC Group is a leading global provider of independent IT assurance, security and consultancy services. As a trusted advisor, we help over 15,000 public, private and not for profit sector organisations, including 94 out of the FTSE 100 to make the most efficient use of information and technology and to manage the associated risks.
Escrow software simply means to deposit the source code of software into the account which is held by a third party. Software Escrow is requested by a party to ensure the maintenance of the software. The code of the software is released to the holder, if in case he faces bankruptcy and has files for it. In case, he is not able to maintain an upgrade the software regularly, the source code is released.
We have combined our expertise across these areas to create a unique, market-leading Certification Programme – 365 assured by NCC Group. 365 assured involves taking an advanced best practice approach to IT security whilst providing you and your organisations, business partners and auditors with assurance in the security, availability and performance of your infrastructure, web sites and applications.
Our software escrows typically involve an Owner (the licensor, vendor or developer), at least one Beneficiary (the licensee, customer or user), and NCC Group as the escrow agent. We also offer multiple beneficiary and multiple licensor software escrows.
During the first year of your first escrow, if you are not satisfied for any reason, you may terminate the escrow and receive a full refund of the escrow fees paid by you. See the "Satisfaction Guarantee" in the Software Escrow Agreement.
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