About Us.
New Zealand owned and operated for over 20 years.
EscrowNZ is a 100% New Zealand-owned and operated, beginning as a subsidiary of IT Professionals NZ, it is now part of the Trusted 3rd Party (T3P) Group.
We operate nationwide, with a dedicated team in our Wellington Head Office.
With our promise of absolute security and transparency, we have built trusted, long-lasting relationships with businesses of all shapes and sizes — including government agencies, international banks, local manufacturers, software developers, lawyers, IT and Telecommunication companies alike.
FAQs
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When a company (the owner) provides software to another company (the licensee), they can engage EscrowNZ as an independent third party to hold a physical copy of the software source code.
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EscrowNZ provides simple escrow solutions for your source code, data or documentation. Our service is designed to maintain the integrity and security of any business or project, while protecting all parties involved.
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A copy of your source code, data or documentation must be saved onto physical media. Coded shipping labels can then be printed from the EscrowNZ client portal and attached to the courier pack, ensuring the anonymity of your material. You can also drop material directly in to our Head Office.
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A trigger event is a particular situation that, should it occur, prompts the release of the material in accordance with the terms set out in the contract. The events (such as liquidation, cessation of the business etc) are agreed up front and detailed in the contract, ensuring that all parties have transparency and trust in the process.
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If a trigger event occurs and the material in question is set to be released, EscrowNZ will liaise with the relevant party to get the material to them – via courier or pick-up.
If any party would like to inspect the material, we will organise a time for all parties in the agreement to meet and review it (with oversight from EscrowNZ), to ensure the material is protected and securely deposited back into our vault.
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The base cost model for standard escrow services is simple.
One-off Setup fee: $300 + GST
Annual Escrow fee: $1995 + GST
Additional licensees to a multiparty agreement:
$100 + GST after the first 3
Other Costs - the following additional fees may apply:
Modifications to standard Escrow Agreement: from $195 + GST
Release fee $250 + GST per licensee
What People Are Saying
“EscrowNZ has supported our business for over 8 years.
They provide peace of mind for us and our clients with the secure services they offer. The process is simple and cost effective and adds value to our clients.”
— National software and solutions business