WebSpy Vantage saves and loads all of your settings to:
C:\Users\<current user>\AppData\Roaming\WebSpy\Vantage Ultimate <version>
We recommend taking backups of this location to save the 'state' of the application at regular intervals.
This location does not include any 'user created' data such as reports or storages. These are stored in the locations shown in *Tools | Options | Paths*. You may like to include these locations in your regular backups as well.
Additionally, you can save individual application settings such as Templates, Tasks, Aliases etc, by going to each area of the software, and click the Save link. Eg, go to the Reports tab and click Save Templates. This will then allow you to specify the location and name of a 'Templates' file, so you can restore your current list of Templates at any time, should there be a problem.
You can also export all settings via Tools | Import / Export Settings. This takes all the settings files in C:\Users\<current user>\AppData\Roaming\WebSpy\Vantage Ultimate <version> and exports them to a zip file.
You can then import this zip file into another installation of WebSpy Vantage to transfer settings.