How to Migrate the Content from Sitefinity 5 to Sitefinity 8

Background:
My company is currently using Sitefinity 5 which is hosted with a hosting company. My CEO wants to upgrade to Sitefinity 8 and relocate to a more cost effective hosting company. We'll install Sitefinity 8 on the new servers located at the new data center. After which, we'll need to migrate all the content (posts, articles, tags, templates, extensions etc) to Sitefinity 8. During this time, the site using Sitefinity 5 is still up and running as per normal. Once the migration of content is completed, we'll shutdown the Sitefinity 5 servers and all users will start accessing Sitefinity 8 servers.

Question:
How do I migrate the content? We are not able to move the Sitefinity 5 VM image over to the new hosting company and perform an upgrade to Sitefinity 8.

Hello,

This forum is duplicated with the following one: http://www.sitefinity.com/developer-network/forums/migrating-from-3-x-to-the-latest-sitefinity-version/how-to-migrate-the-content-from-sitefinity-5-to-sitefinity-8

We will get back to you in the other forum thread.

Regards,
Stefani Tacheva
Telerik