Depending on whether you need your current Teamwork Cloud database or not, there are two different approaches you can use:
If you do not need your current Teamwork Cloud database, uninstall the old Teamwork Cloud Magic Collaboration Studio version and install a new one as described in in Upgrading Teamwork Cloud.
If you need the current Teamwork Cloud database, migrate it as described in in Migrating database. Note that there are several migration strategies you can use. After migrating the database and upgrading Teamwork CloudMagic Collaboration Studio, you must must update your projects as well.
The following sections provide instructions on how to upgrade Teamwork Cloud and migrate data.