“The best part of implementing Escrow Verification Services is the confidence that I have in ensuring that the version of source code in escrow at Iron Mountain in fact can be compiled. It is a valid set of complete source code, not just a subset. And, if something happens to one of these small vendors, then we know we have a good set of code that actually operates.”
— Michael Anselmo, Senior Vice President CIO, QBE Specialty and Reinsurance.
The Challenge: With such a significant investment in financial processing software, QBE the Americas needed to know their applications were protected. Fruchtman continues, “We used this software not only for financial reporting, but also for booking to the ledger for our annual financial statements. It’s really the core of business data that we have, and in insurance your data really is your most valuable asset.” QBE had their mission-critical software source code protected through an escrow agreement with Iron Mountain…
The Solution: Adding verification services to an escrow arrangement helps minimize risks. Essentially, escrow verification services ensure that authorized users will be able to quickly and effectively read, recreate, and maintain critical technology assets in the event of a deposit release. QBE the Americas selected Iron Mountain’s Deposit Compile Verification Services to provide a complete examination of the composition of escrow deposits and identify any missing components…
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