Technology Escrow
in partnership with
Iron Mountain 

ESOP SYSTEM

What is Technology Escrow?

An escrow works much the same way as an insurance policy. When two parties enter into a licensor/licensee relationship, the information encompassing the technology in question is deposited into an escrow account that ensures licensors have a trusted partner who will securely hold onto the technology information and release it only under very specific conditions. Also, the licensees may gain access to that information even if the licensor no longer supports it.

An escrow agreement that balances developers need for confidentiality with customers’ need for investment protection achieves this. Through escrow, significant roadblocks are removed in negotiations by relying on a neutral third party to help you establish a win-win escrow process.


Our service suite includes:

Software Escrow
You are offered secure, physical, and electronic vaulting, with rigorous standards to keep your data safe and secure (offsite facilities, which include uninterruptible power supplies, non combustible construction, gaseous fire protection, and sophisticated access control security systems). Whether you are licensing traditional on-premises or SaaS applications, this service incorporates best practices to track chain-of-custody, including strict procedures addressing storage, facility, and deposit retrieval security. Your source code/proprietary information is released only upon careful evaluation of the agreement terms’ outlined process.

Escrow Verification
Although putting software in an escrow account ensures that code will be released if and when a release condition occurs, you have no assurance that the software will be complete, usable, or even readable. Verification services validate that your contractual commitments to include the necessary information in your escrow deposits are complete, and each deposit contains all the components needed to read, recreate, and maintain software or technology in-house using Escrow Verification services.

The Israeli Innovation Authority

  • Companies funded by the Israeli Innovation Authorities are subject to the Innovation Authorities Guidance
    Escrow Agreement's Principals
  • For each funded company, each Escrow requires the authorization of the Innovation Authority in advance
  • Please contact ESOP – EXCELLENCE for further information as to whether the specific Escrow may authorize by theIsraeli Innovation Authority.


 
About Iron Mountain

Iron Mountain is a world leader in information management services, assisting more than 140,000 organizations in 39 countries with storing, protecting and managing their information.

Iron Mountain is a world market leader in providing Escrow Services per technologies (publicly traded in NYSE, S&P 500 Company, and a member of the Fortune 1000), serves as the information management partner of more than 97% of the Fortune 1000 companies.

To properly protect and render this information, Iron Mountain employs almost 20,000 professionals and an unrivaled infrastructure that includes more than 1,000 facilities, and 10 data centers.

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