Guard-IT,
SnapNames.com Partner to Protect
Assets and Internet Domain Names
AUSTIN, TEXAS (May 8, 2001)
Software escrow provider
Guard-IT Corporation has
partnered with Portland,
Oregon-based SnapNames.com Inc.
in an effort to protect
technology assets and secure
Internet domain names (or URLs)
in broad-based legal and business
markets in the U.S. and abroad.
Guard-IT Corporation secures
software source code, proprietary
data and intellectual property by
implementing and administering
third-party escrow agreements for
technology developers and their
licensees. Escrow acts like title
insurance for software and
technology license agreements,
securing the developers
source code and intellectual
property while protecting the
licensees investment in the
technology.
SnapNames monitors transactions
between domain registrars and the
master registry to register new
domains, monitor existing domain
availability and protect domain
names already owned by its
clients. According to SnapNames,
about 90 percent of registered
domain names are currently
inactive and about 10,000 expire
daily. SnapNames is the first to
offer customers a way to
backorder a domain name or
guarantee they would be next in
line to register it upon its
expiration.
Guard-IT founder and CEO Jim Ford
said the two offerings complement
each other in the areas of
intellectual asset protection and
risk management.
Source code and URLs are
integral parts of any company's
intellectual property
portfolio, Ford said.
Guard-IT and SnapNames will
work together to educate the
marketplace, refer clients and
protect these technology assets.
With our alliance, we expect to
expand our collective service
offering to a broader range of IT
managers, intellectual property
attorneys and business
owners.
SnapNames' SnapBackTM
service protects its subscribers
from domain name hijacking,
employee sabotage, accidental
deletion and accidental
cancellation due to failure to
renew. By working with
ICANN-accredited registrars,
SnapNames provides subscribers
with instant notification
whenever their domain name
records are modified, providing
an early warning system in the
event of a malicious or
accidental alteration. The domain
name is automatically
"snapped back" with a
one-year registration on behalf
of the subscriber if it is
somehow deleted from the
registry.
No business can afford to
lose its domain name. SnapNames'
toolkit is ideal for managers and
attorneys who are responsible for
obtaining, retaining and
protecting this intellectual
property, Ford said.
About SnapNames
SnapNames.com Inc. provides
comprehensive domain name
protection services for
registrants and their domain
management agents. Its unique
solution protects clients against
fraudulent or accidental
disruptions in domain name
registration. Located in
Portland, Oregon, SnapNames is
privately-backed by seasoned
Internet executives and strategic
partner firms from the Internet
industry and venture community.
Visit www.snapnames.com
or call (800) 385-4075 for
details.
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