Escrow vs. Alternative Risk Mitigation Strategies

Why SaaS Escrow, Software Escrow, and Code Escrow Often Outperform Other Protection Methods

In technology transactions—especially SaaS escrow, software escrow, code escrow, and technology escrow agreements—attorneys are responsible for ensuring their clients have the right protections in place if a critical technology vendor fails to perform. While there are multiple risk mitigation strategies available, few

Why Neutral Third‑Party Escrow Agents Are Essential for Election Software Integrity

In a recent Morningstar/Accesswire article, a lawsuit challenging the 2024 election in Rockland County, New York, has put election software under scrutiny. The plaintiff is requesting detailed voting machine data to validate accuracy and transparency in the result reporting. What’s the Current Issue? With election integrity being a top concern, the lawsuit highlights how critical

The Three Building Blocks of a Complete PRAXIS Technology Escrow Solution

At PRAXIS Technology Escrow, we provide comprehensive software escrow, SaaS escrow, and source code escrow services designed to protect your business in the event of a software or SaaS vendor failure. Our complete escrow solutions are built on three critical building blocks to ensure that your assets are fully safeguarded and that you can maintain

Case Study: Facilitating a High-Value Domain Sale with PRAXIS Technology Escrow

In the competitive world of high-value domain name transactions, securing a smooth and secure transfer is paramount. PRAXIS Technology Escrow played a crucial role in facilitating a nearly one million dollar domain name sale between a buyer and seller, ensuring that both parties met their obligations over an extended period. This case study highlights how

White Paper: How Software Escrow Protects Critical Business Software in Uncertain Times

Our latest white paper dives into how software escrow and technical verification services can safeguard critical software investments, especially when working with start-up providers. Using the example of a major waste management company, the white paper explains how software escrow ensures business continuity by providing access to the software and source code in case of

The Case for Neutral Third-Party Technology Escrow Agents in New York’s Voting System

The integrity, transparency, and security of New York’s electoral process are currently at risk due to the State Board of Elections’ decision to manage voting system software escrow internally. While the goal is to ensure compliance with federal and state requirements, this approach presents significant challenges. Without the involvement of a neutral third-party technology escrow

SEC Guidance on Data Escrow for Broker Dealers

Software escrow serves as a critical component of risk management strategies for organizations reliant on third-party software services, such as broker-dealers affected by the Securities and Exchange Commission’s (SEC) amendments to electronic recordkeeping requirements. This extended analysis further explores the role of software escrow in addressing the challenges posed by regulatory changes, emphasizing its benefits,

EscrowED: Escrow Required for Election Software in Colorado

The following is an explanation of the sections of the Colorado Revised Statutes regarding the handling, escrowing, and management of election software and setup records. This legislation aims to ensure transparency, security, and accountability in the use of electronic systems for voting and tabulating election results. Let’s delve into a comprehensive analysis of each section

Comprehensive Summary of California’s Escrow Regulations for Ballot Tally Software Program Source Codes

The article delves into the regulatory framework established by the California Code of Regulations concerning the escrow of ballot tally software program source codes. This process involves collaboration between the state, vendors, and escrow companies and is governed by eight distinct articles under Title 2, Division 7, Chapter 6 of the California Code of Regulations.

PRAXIS is SOC2 compliant

PRAXIS is a neutral third party provider of Software, SaaS and Technology escrow services worldwide. We store physical and electronic escrow deposits for the benefit of our clients. PRAXIS voluntarily implemented SOC 2 compliance to demonstrate to our clients that we are committed to protecting their intellectual property. This level of commitment is rare in