The Escrow Company is leading the way in creating innovative AWS Escrow solutions that provide actual, ‘real-time’ business continuity in the event of a release. The Escrow Company maintains a team of AWS certified solution architects who have intimate knowledge of AWS services and are experts in creating replicated AWS environments for recovery. The Replicated SaaS Continuity solutions provide the Beneficiary with the assurance that in the event of a release, The Escrow Company will be on hand to keep the lights on and provide a continuity of service for a period of up to 90 days.
Source code of the SaaS application may be deposited manually or automatically directly from the SaaS vendor’s Git repository (GitHub, Bitbucket, GitLab, Azure DevOps and more).
Vendor Financial Monitoring will provide the Beneficiary with a pre-emptive alert if there appears to be any payment irregularities within AWS. This would allow for The Escrow Company to step in and make payments to AWS.
An AWS CloudFormation template deposited in escrow allows for the rapid deployment of an AWS environment. CloudFormation allows the SaaS vendor to model their entire infrastructure in a text file.
The Escrow Company provides the option to maintain a dedicated AWS account that contains a working replicated environment of the SaaS vendor. This would provide the Beneficiary with an immediate continuity solution in the event of a “lights out” scenario.
For SaaS vendors using Amazon RDS for their database instances, The Escrow Company is able to provision a dedicated AWS account that contains the replicated RDS database instances for each Beneficiary. Vendors also have the opportunity to deposit database backups or snapshots to The Escrow Company on a scheduled basis.
Under the SaaS Access Continuity service, the SaaS vendor is required to deposit and update the access credentials on a quarterly basis or more frequently if required. These credentials will allow full access to the AWS console and the production environment.
The Escrow Company offers a range of Verification services to provide comfort to the Beneficiary of the usability of the escrow in the event of a release. Our Verification services for applications hosted within AWS include:
In the event of a release situation, there are several options available to the beneficiary to ensure business continuity:
In addition to the SaaS Escrow service, we offer a Financial Alert Monitoring service to ensure that the SaaS vendor is up to date with their vendor payments to AWS. The Escrow Company will be assigned various billing permissions allowing The Escrow Company to step in and make payments on behalf of the Beneficiary. More information can be found here.
AWS CloudFormation templates deposited in escrow can greatly assist in the speed of recovery in the event of a release situation. To learn more about AWS CloudFormation watch the video.