This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Iron Mountain And SAP Join Forces To Help Companies Protect Custom-built Software

LONDON and WALDORF, Germany, September 26, 2012 /PRNewswire/ --

 

Software developed for SAP small business applications will be secured by Iron Mountain's   Software Escrow    Services

Companies commissioning business software from developers are putting their investment and valuable intellectual property at risk if they fail to protect the source code, warn global information management company Iron Mountain and leader in enterprise application software SAP, as they announce a strategic partnership to address this challenge.

Under the new partnership, SAP Business One Group will refer its software solution partners to Iron Mountain for software escrow services for the add-on solutions they create for end-users.

"Software escrow is a legal agreement between the developer, the licensee and a third party, who holds the software source code. It reduces the licensee's exposure to risk, helping to protect what is often a significant investment in business-critical software and technology," explained Patrick Keddy, SVP for Western Europe at Iron Mountain. "Under the terms of an Iron Mountain software escrow account, the developer's software source code is deposited at one of our secure facilities. The agreement protects the customer against the risk of the software developer going out of business or failing to support or maintain the application. Offering escrow helps the software developer build customer confidence, while maintaining access to the source code for future updates."

The SAP Business One application has been created specifically for small and medium-size businesses. It enables them to integrate all core business functions across a company - including financials, sales, customer relationship management, inventory and operations. Approximately 350 add-on solutions have been built onto the SAP Business One application by SAP's software solution partners. With these add-on solutions, customers can tailor SAP Business One Group to meet their specific business and industry challenges.

"With the escrow protection from Iron Mountain, SAP Business One customers can rest assured that their add-on software solutions are protected," said Patrick Carpreau, Senior SSP Manager for SAP EMEA and India. "It enables us to put our SAP Business One Group customers at ease and build their confidence. We will be offering escrow protection upfront to all customers as a value-added service when they want software solution partners to create customised Group Business One applications."

ENDS

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs