We have Server 2012 standard and its running Hyper- V. The VM that is running is Server 2008 R2 Standard which is also our Exchange 2010 Server.
I know you can use Server backup 2012 to easily backup Hyper-V machine. But will it be so easy if that VM is running Exchange on it? I am going to back it up to an external drive.
This article shows how to backup a HV machine but I can't really find anything on a HV machine with exchange.
http://virtualizationreview.com/blogs/virtual-insider/2013/02/back-up-hyper-v-vms.aspx