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Partnership Chaperon-Secure and First German Escrow

11-07-2008 02:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: First German Escrow

First German Escrow of Moenchengladbach, Germany, and Chaperon LLC of Louisville, Coloroda, USA, this week announced a partnership to provide customers with a complete, secure online service for source code inspection and intellectual property escrow services. The service includes Chaperon’s Secure Source Code Inspecting Station and FGE’s intellectual property protection for software developers (licensors) and business continuity assurance for licensees by placing a verified copy of source code into an escrow account.
This will allow the licensor of a software to review confidential intellectual property documents and software source code using a secure environment and internet connection. Under specific conditions described in an escrow agreement the licensee is able to access the source code, thus mantaining mission critical applications, without harming the intellectual property rights of the licensor. This gives everybody considerable peace of mind.

“This partnership will allow licensors or licensees - under specific conditions - secure access to source code IP,” said Norbert Ritz, CEO of First German Escrow. “Chaperon Secure Inspecting Station will give both - licensors or licensees - the ability to navigate and search the source code files using powerful, yet easy to use graphical user interfaces.”

Chaperon Secure Inspecting Station can be used to browse, view, and inspect source code Intellectual Property (IP) while making it virtually impossible to copy or pirate it. Source code is fully protected during shipment and transport within the secure development environment. Only authorized parties can inspect the code. The solution allows for the IP owner to add or update the source code and for third verified parties to inspect the code simultaneously from multiple geographic locations, eliminating the cost of travel or expensive network connections.
Together, Chaperon Secure and FGE can offer a solution that will enable licensees to securely browse, view, inspect and host their source code - forced to do so by an escrow arrangement - to make sure that the continuity of mission critical software processes in large companies can be granted any time.

About Chaperon Secure (http://www.chaperon-secure.net)

Chaperon, LLC, offers a unique portfolio of technology solutions that protect and manage source code Intellectual Property (IP) at every stage of the software development life cycle (SDLC) – no matter where it travels or who is working on it. Source code IP is protected from creation and transport to storage and retrieval whether it remains in-house, is outsourced, or sent offshore. Chaperon’s patent-pending technologies enable any business to safeguard the information that is vital to its survival and competitive viability while lowering security costs, enjoying the benefits of a flexible workforce, and taking advantage of worldwide labor pools without the risks.

About First German Escrow (http://www.first-german-escrow.de)

First German Escrow is acting as a neutral institution and trustee for software vendors and large IT end user accounts in the area of source code depositing and verification to save investments into high value software. FGE stands out from other escrow agents because it does not only concentrate on active escrow, but as well looks out for the needs of various licensors, who do not and never wish to lay out their "top secrets" to a third party.
FGE offers the solution together with Chaperon Secure.

First German Escrow
Norbert Ritz
Färberstraße 6
D-41238 Mönchengladbach
+49 2166 216 740
+49 2166 138 890 Fax
+49 177 3333 038
www.first-german-escrow.de
www.intellectualpropertyescrowagent.com

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