@dmcdmc
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r-a-y posted on the forum topic backing up and importing user database from bp 1.0.2 to new version of buddypress in the group How-To and Troubleshooting: 14 years, 6 months ago
@dmcdmc – You’ll have to manually upgrade to BP 1.1.3 before upgrading to BP 1.2.4.1.
Read this guide:
https://codex.buddypress.org/getting-started/upgrading-from-10x/