Booming SAAS Market Boosted By New Software Escrow Agreement from Escrow Associates

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New SAAS source code escrow agreement minimizes potential faults of SAAS such as operational downtime and losses, maximizes value of SAAS solutions for end users and enterprises

We service over 4000 long-term care centers across North America and it's critical that our technology is secure and uncompromised.

Escrow Associates, a top 3 provider of software escrow services worldwide, announces today the release of their SaaS software escrow agreement. A recent report from Forrester shows that SaaS backup and security policies are one of the three major concerns of companies interested in SaaS, which Gartner predicts will comprise 9% of total software sales by 2012. Escrow Associates designed their SaaS contract to address the fears of the growing market, protecting data and software at a secured location, and making it available when needed.

"We service over 4000 long-term care centers across North America and it's critical that our technology is secure and uncompromised." says Heath Odom, VP of Business Development at PointClickCare, a leading provider of SaaS-based solutions for the long-term care industry. "Our clients need to know that their clinical and financial software is always available to them and Escrow Associates is an important partner in helping us achieve this."

Access to data is the primary difference between SaaS and traditional source code escrow solutions. Historically, an end user had possession of their data and could find another application if their software vendor failed. With SaaS, the data is often hosted offsite, and is inaccessible if the vendor fails. Escrow Associates' SaaS technology escrow agreement, however, provides for the data to be deposited and updated, so that the application and data are always available for release. This allows businesses to resume their vital operations quickly.

Some agents make the process even simpler by ensuring the integrity and currency of the source code with software escrow verification services. In a SaaS environment, these testing services can also recreate the hosting environment and provide access for end user testing. These services protect both providers and subscribers, because they know that the escrow account contains useable code.

About Escrow Associates:
As the third largest provider of software escrow services worldwide, Escrow Associates provides superior services that protect the interests of both the depositor and the beneficiary. Their services bring value and peace of mind to hundreds of clients throughout the United States. Businesses trust them to develop customized escrow solutions for the future viability of their organizations. To learn more visit http://www.escrowassociates.com.

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Jason Crain
Escrow Associates
404-419-6677 ext. 109
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