Online
Event Details:
Speakers:
Frank Bruno, Manager, Intellectual Property Management, Iron Mountain
Tim Cummins, President and Executive Director, IACCM
The very high cost and growing complexity of customized software has
led to the growth of Application Service Providers (ASP's) selling
Software as a Service (SaaS) - companies that supply software
applications and/or software-related services over the Internet.
Instead of purchasing the software outright via a license, users can
take advantage of a SaaS subscription or pay-as-you-go model,
eliminating the costs associated with IT infrastructure and headcount.
The ROI for adopting SaaS is clearly high and because of that, many
companies overlook the risks associated with entering into a SaaS
relationship. Consider the following:
- What if your trusted ASP goes out of business or gets acquired?
- Are you confident your company would continue to have access to your applications and data?
- How protected are you against loss of support by your ASP?
When engaging in a SaaS relationship with an ASP, setting up a
technology escrow agreement is critical for protecting your software
since loss of support by the vendor will mean loss of the application
entirely and access to all the proprietary data along with it. Given
the potential disastrous consequences of this situation, special
attention needs to be paid when setting up the terms and conditions of
the escrow contract when engaging in a SaaS relationship.
Watch the replay and learn about:
- the emerging use of SaaS in today’s business environment
- traditional software licensing versus subscribing to SaaS
- best practice planning for SaaS subscribers
- protecting your applications and data through the use of technology escrow
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