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Wanted: Versatile backup app for Windows 7

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The most full-featured local backup solutions are Acronis TrueImage and Symantec Ghost. You could schedule custom jobs to backup to different disks.

Not sure about open pst or purging older backups. Typically that's a bit too risky to do automatically.

The enterprise solution known as Symantec Netbackup can backup open pst files and of course do all sorts of data movement on the server side.