I have an image (.pbf) Dell laptop hard disk (hdd 500 GB, GPT, Win 8.1 installed). And I want to convert this backup to a virtual machine. Was there a couple of problems. P2V Wizard say "No Windows OS found" in the image. Only through the "Create Virtual Disk Wizard" enable. It did not convert to VHD format. Limiting the size of 127 GB hard disk and thus lost Windows partition. Problems I have decided it is just for information. Perhaps Paragon introduce improvements in the next build.