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CCS V3.3 compatible with V4.2?

Question/comments from customer
I have checked our records and we have 6 copies of CC V3.3. We purchased 3 and were given 3 free. This purchased occurred in 2007 and it appears we never paid the annual $600 subscription fee to ensure we could upgrade. Based upon this I would like to get a quote to obtain a floating license that allows 4 simultaneous users of V4.2. I also need to understand whether our existing version of DSP Bios is compatible with the newer version of CC.
anthony