SaaS (Software as a Service) escrow is a process of placing software source code into an escrow account for safekeeping. The purpose of SaaS escrow is to provide assurance to SaaS users that their important data and software will be secure even if the SaaS provider goes out of business, fails to maintain the software, or experiences other difficulties.
SaaS escrow is becoming increasingly popular as more and more businesses rely on SaaS to store and manage their critical data. Many organizations are concerned about the risks associated with entrusting their data to third-party SaaS providers, and SaaS escrow can help to mitigate these risks.