Associates
Business Services to Market and
Distribute Guard-IT's Services
Worldwide
AUSTIN, TEXAS (February 22, 2000)
– Guard-IT Corporation has
enlisted Associates Business
Services (ABS) of Austin to
market and distribute
Guard-IT’s third-party
escrow services through ABS’
international network of
contacts. Terms of the agreement
were not disclosed.
The alliance between Guard-IT and
ABS will use an online system
with which ABS associates will
submit escrow orders and
pertinent information from
anywhere in the world.
ABS owner Diane Carroll said that
as a broker, the issue of
security in a business investment
has long been a source of
stalemate and uncertainty.
“Many buyers, investors,
bankers and venture capitalists
find it difficult to get
comfortable with technology
companies and start-ups. The hard
part is getting their hands
around it because the business
plan is often too intangible, too
connected to someone's head
– too virtual,” Carroll
said. “They want to do these
deals, but there really
hasn’t been any sort of
security in them.”
“In mergers and
acquisitions, I have been
searching for a way to bridge
this gap and implement a
technique or a strategy that
makes all of the parties more
comfortable with each other, from
start to finish,” Carroll
said.
Carroll said that independent,
third-party escrow is the
solution for expediting closings
for business sales, acquisitions
or mergers, and with a higher
level of security and confidence
for everyone involved.
“I think of escrow as a
technology or intellectual
property ‘bank’. The
possibilities of using this tool
[escrow] to make a deal are
numerous, and I am still coming
up with new ways to use it,”
Carroll said.
Guard-IT Corporation founder and
CEO Jim Ford said ABS’
service mix was an ideal and
complementary fit for
Guard-IT’s escrow services.
“An extreme level of
integrity and a huge network of
contacts helped us decide to
choose ABS for this
project,” Ford said.
“ABS’ network of
international contacts will help
us reach a tremendous number of
deal makers and other business
professionals”.
Escrow, or the independent
safekeeping of proprietary
materials and intellectual
property, can expedite the
brokerage of businesses,
technology and intellectual
property licensing agreements and
other contracts by securing
proprietary materials during
negotiations and after the
closing.
Third-party escrow is often used
for software source code to help
protect parties to a software
licensing agreement.
Items that may be placed in
escrow include software source
code, business or marketing
plans, customer records,
databases or other intellectual
property that is being negotiated
as part of the business' sale,
merger or acquisition.
About Associates Business
Services
Associates Business Services
(ABS) is a maverick
entrepreneurial solutions
company. Founded in 1985,
Associates Business Services
quietly provides business
start-up training,
entrepreneurial training,
business fast-growth consulting,
as well as private business
brokerage, consulting and
marketing.
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