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What is the correct method to upgrade a Standard Edition installation of CompleteFTP to an installation of Professional Edition?

What is the correct method for managing the license activation/deactivation process in this case?

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You need to reactivate the server from within the CompleteFTP manager using your customer site credentials. That should be all that is required.

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Thank you for the quick response, that worked perfectly!  Fast and simple, the way we like it.