Side by Side

Guys.

Our ARS version has been in use from the version 6 days and has been upgraded along the way to version 7.3 where we are today.

What I would like to do and not sure if its even possible.

I would like to install a brand new fresh installation of ARS on the latest version, fresh DB and settings and build up a new environment while the 7.3 version is still in use. Is this the correct way to do it? can it be done? anything to watch out for?

Thanks in advance.