Guard-IT Acquires Fidex Americas’ Escrow Accounts & Assets

Guard-IT Acquires Fidex Americas Corporation Escrow Accounts & Assets
AUSTIN, TEXAS (October 1, 2002) – Guard-IT Corporation, a leading innovator in software and intellectual property escrow services, has acquired the escrow accounts and business assets of Sandpoint, ID-based Fidex Americas Corporation. Financial details were not disclosed.

Guard-IT assumed the administration of all Fidex Americas escrow accounts and its website on September 25.

“We are excited about extending our reach in the escrow marketplace and we look forward to working with these new clients. In our capacity as an independent agent and administrator, we will be honoring the existing escrow agreements and rates to make the transition as smooth as possible for them,” said Guard-IT founder and CEO Jim Ford.

Guard-IT has retained Fidex Americas Corporation founder and president Steven Olson for an interim period to assist in the transition.

"We at Fidex are proud of our 10-year tradition of friendly, professional service. It is especially gratifying that our successor, Guard-IT, is equally committed to its customers," Olson said.

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. Guard-IT also offers paperless account administration online and independent software testing and verification services for its escrow materials and other technology products.

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