Escode is a global provider of software escrow and verification services, safeguarding mission-critical source code, data, credentials and documentation so that organisations can maintain access if a software vendor fails or is unable to support its product. Headquartered in Manchester, UK and with operations in the United States, the Netherlands, and Australia, Escode employs 275 people and serves a highly diversified base of over 9,000 customers across several underlying sectors, including financial services, infrastructure, technology, and industrials.
Initial investment
2026
Sector
Business Services
Initial transaction size
£290m
TDR had been monitoring the IT services space for several years. We were attracted to Escode due to its resilient business model, underpinned by long term contracts and a well-diversified global customer base. Escode is one of the leading enterprise-grade escrow providers globally and operates in a structurally growing market.
In Escode, we saw a compelling corporate carve-out opportunity with the potential to accelerate growth through operational improvements, product investment and innovation, and add-on acquisitions in a highly fragmented market.
