TSG has today partnered with techUK a UK trade organisation representing over 900 companies across the IT, telecoms and electronics industries.
As part of this support, techUK have developed techUKescrow a wholly owned subsidiary of techUK.
Because of the pace of change and the cost of advancing and improving computer systems, most businesses now rely on third parties to supply and maintain their software systems. However, this reliance on third parties involves risk that needs careful management, particularly if the third party is responsible for the operation of mission-critical technology. Unfortunately, the economic downturn has exacerbated these risks.
Escrow services provide this level of security from a legal and quality standpoint.
The services are the result of combining over 30 years of experience of techUK acting as a custodian for critical assets with innovative and water-tight contracts prepared by their partner legal advisers, Beachcroft LLP, and validation services through TSG.