EscrowTech India
We are India's first Software & Technology Escrow Company with the core business objective of providing the Indian IT industry and the entrepreneurs with a service and facility for world class escrows.
To those of you familiar with Software & Technology Escrow Services the name EscrowTech might sound familiar …….EscrowTech India is a joint venture company set up in unison with EscrowTech International Inc. USA. EscrowTech, USA is one of the top escrow company’s in the world with many fortune 500 companies as their clients.
Software & Technology Escrows and the importance of escrow are yet to be fully understood in India. Escrow explained very briefly is insurance for a software licensee, a venture capitalist or any other individual. The basic function of an escrow is to provide as a back up in case of any contingency.
For a software product company the escrow increases the confidence of the potential client in the company, it can also be used as a marketing tool or a USP in the company's marketing campaign. Many licensees of software from overseas in recent times insist on a software escrow as one of the primary conditions as part of the software license agreement. A software product company with an escrow already in place will surely have a distinct edge or advantage over competitors.
The concept of escrows has yet to make an impact in India. Like any other new concept, especially in India, it takes time to materialize and gain acceptance. As time passes we are sure that the business houses in India will recognize and realize the importance of escrows.
To access any information on Software & Technology Escrows and its functioning, need or importance log onto www.escrowtech.in or contact us at info@escrowtech.in and we will ever willing to provide you with all the information regarding escrows.
