The first version was called Exchange Server 4.0, to position it as the successor to the related Microsoft Mail 3.5. Exchange initially used the X.400 directory service but switched to Active Directory later. Until version 5.0 it came bundled with an email client called Microsoft Exchange Client. This was discontinued in favor of Microsoft Outlook.

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While still nascent, there’s a particular opportunity for African startups to exchange knowledge with Indian investors and entrepreneurs about scaling the growth of local startups. — Yinka Adegoke, Quartz Africa, "The Indian connection that could fuel African startups," 21 Aug. 2019 Most Alabama high schools already purchase an annual subscription to HUDL, a video system that allows coaches to exchange game tape, make highlight videos for recruiting purposes and make cut-ups to aid in developing scouting reports. — Josh Bean | Jbean@al.com, al, "Rewinding Year 1 of instant replay for Alabama HS football," 16 Aug. 2019 Prepaid2Cash allows users to exchange branded prepaid cards and gift cards for cash using their smartphones. — William Thornton | Wthornton@al.com, al.com, "California tech company relocating to Alabama," 2 July 2019 In addition, Facebook’s Libra is designed to be a place to hold users’ funds, as well as allow people to exchange money. — Nir Kshetri, Quartz India, "Facebook’s cryptocurrency, Libra, could be a boon for developing nations like India," 26 June 2019 In addition, Facebook’s Libra is designed to be a place to hold users’ funds, as well as allow people to exchange money. — Nir Kshetri, The Conversation, "Facebook’s Libra may be quite attractive in developing countries," 25 June 2019 Fortunately, there is a more robust way to exchange quantum information—via the use of another property of quantum systems, called entanglement. — Anil Ananthaswamy, Scientific American, "The Quantum Internet Is Emerging, One Experiment at a Time," 19 June 2019 Another collects images from Thai soap operas; another shows young men exchanging ideas, a third shows how the city comes to a halt as the national anthem is played nightly. — Roger Catlin, Smithsonian, "This Performance Art Piece Is Being Served Up with Tasty, Warm Bowls of Curry," 13 June 2019 Authorities said Bush and another shopper who was armed also exchanged gunfire in the parking lot of the Kroger. — Billy Kobin, The Courier-Journal, "Kroger shooting suspect is now competent to stand trial," 27 Oct. 2018
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