Migrate existing View Composer DB to a new DB server

I need to move our current View Composer DB from its current location (oldserver1) to a new location (newserver1), while keeping the existing View Composer service intact. Is this just a matter of backing up the DB, restoring it to its new location, create a new ODBC and then change the settings for the Composer DB within View Administrator? The Composer service shouldn't need to be re-installed, right? Also, Composer uses port 18443 by default, but the new database is using port 1433 and this is the last DB that will need to be migrated to the new server (i.e., there are other DBs residing on newserver1).