Software company EscrowTech rebrands as EscrowNXT
(Jan 19) EscrowTech India, the country’s pure-play software escrow services provider, was officially rebranded as EscrowNXT, the company said on Monday.
The move was to underscore its focus on next-generation software escrow solutions for AI-driven systems, enhanced capabilities, and global expansion.
Software escrow is a secure, tripartite arrangement between a software developer, a client or end user, and an independent escrow provider, under which the software’s source code and documentation are held safely and released only if predefined events, such as vendor insolvency or contract breaches, occur.
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