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    Guard-IT Secures Two of Austin's "Top 50' Technology Companies

AUSTIN, TEXAS (October 10, 2000) – Guard-IT Corporation, the Austin-based leader in third-party escrow services for source code and intellectual property, has added two prominent Austin technology companies to its local clientele.

InfoGlide Corporation (www.infoglide.com) and QuickArrow Inc. (www.quickarrow.com), both on LocalBusiness.com’s current “Top 50 To Watch” list (Austin), are the newest additions to Guard-IT’s growing list of escrow clients.

Guard-IT founder and CEO Jim Ford said that while most of the company’s clients are located across the country, the local client base is expanding with the increasing need for Guard-IT’s escrow services.

"The energy and activity in Austin, and our region in general, helps create a great hometown market for our services," Ford said. "Escrow is of particular value to emerging technology companies, many of which reside in Austin."

Escrow acts like title insurance for a software or technology license agreement, securing the developer’s source code and intellectual property while also protecting the licensee’s investment in the technology.

Founded in 1999, Guard-IT Corporation protects the intellectual assets of small developers and Fortune 500 powerhouses from coast to coast. Recently, Guard-IT was named as a seat holder in Pricewaterhouse- Coopers’ Intellectual Property Exchange, expanding its reach and services worldwide.

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