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From Microsoft: Microsoft Application Virtualization (App-V) transforms applications into centrally managed services that are never installed and don't conflict with other applications. With Microsoft Application Virtualization 4.6 it's easy for IT to transform traditional applications into centrally managed, virtual applications. You can use powerful, but simple tools to create virtual applications. Create standard MSI-based packages that are ready to deploy with existing infrastructure, or take advantage of built-in deployment and management. It integrates with System Center Configuration Manager, so you can manage virtual and physical applications, along with hardware and software inventory, operating system, and patch deployment.
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