Escrow Arrangement CapCloud [CapCloud Academy Solutions BV]
CapCloud Academy Solutions BV signed an data escrow arrangement with Escrow Alliance to ensure the availability of the data stored in the web application CapCloud. The escrow arrangement shows that the people of CapCloud Academy Solutions thought about keeping temporary access to your data in the unlikely event something happen to CapCloud Academy Solutions.
Why an escrow arrangement?
IT plays a crucial role in today’s business operations. The question is how risks are mitigated when a supplier fails to deliver as a result of bankruptcy, acquisition or simply stops his business operations? What effect does this have on business continuity? And how does one ensure an uninterrupted use of business-critical applications such as financial software, software for business process management or document management software and the stored data in these applications?
With the data escrow arrangement CapCloud Academy Solutions ensured that if CapCloud Academy Solutions is not able to continue it’s services the data stored in CapCloud will remain available for 6 months, the so-called Exit Period, so you can
secure your data.
Structure of the Escrow Arrangement
The escrow arrangement consists of three components:
– Terms of Escrow
– Escrow Deposit
Terms of Escrow
The Terms of Escrow is a derivative of the Escrow Agreement concluded between CapCloud Academy Solutions and Escrow Alliance. The Terms of Escrow stipulates the conditions as agreed between the parties as a part of keeping temporary
access in order to secure your data.
The Escrow Deposit (Deposit) contains of all the materials needed to ensure the continuity of the application CapCloud in
order for end user to extract and secure his data.
On each deposit Escrow Alliance performs a Depot Check Service (DCS) which checks the physical conditions of the materials
and the media. Additionaly a Technical Verification Service Level 1 (TVS Level 1) checks for the presence of the basic
requirements in the Escrow Deposit as specified in the Terms of Escrow and checks wether these materials are sufficient enough to obtain and maintain the necessary access to the application CapCloud.
Do I need to register for the Escrow?
As a end user of the application CapCloud you are entited to request the foundation to envoke the escrow. You are
automatically entitled to do so and do not need to take any action to register.
Information Escrow Arrangement (download):
To download this information as a PDF document, please click here.
T. +31 (0)88 170 2010
Escrow Alliance Foundation for
Continuity and Security (SCWEA)
2011 MR . Haarlem