The Hindu Business Line : AP to set up software escrow account

The Andhra Pradesh Government has become the first Indian Government entity to set up a software escrow account. This places the source code of eProcurement tender management software application development by C1 India in an escrow account with Escrow Tech India, Chennai, to act as software escrow agents.

A tripartite agreement was signed by Ms Ratna Prabha, Secretary, ICT, C1 India and Escrow Tech India in Hyderabad.

The State Government's eProcurement platform is the largest in the government sector in the country and has hosted about 13,591 tenders valued at Rs 33,974 crore in eight government departments, 13 public sector undertakings, 57 local urban bodies, five universities and Tirupati Tirumala Devasthanam, out of which 8,618 tenders worth Rs 28,663 crore have been finalised.

According to a statement from Ms Prabha, the ICT department would receive the source code from the escrow account and run the eProcurement service on its own, even if C1 India were to be liquidated. This is being done to address the critical issue of business continuity.

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