Virtualisation software company Parallels said it will announce a virtualisation product for Intel-powered Macs, with more details becoming available later this week.

According to spokesman Ben Rudolph: "We will enable users to run multiple operating systems (like Linux and Windows) simultaneously with Mac OS X. This is not simply a "dual-boot" but instead gives our users the ability to use Windows or any other operating system at the same time as Mac OS X, enabling users to enjoy the comfort of their Mac OS X desktop while still being able to use critical applications from other OSes."

Parallels is a privately held, US-based software company that launched its first virtualisation tool, Parallels Workstation, last year. The Russian-developed software competes directly with VMware Workstation and Microsoft Virtual PC, albeit -- at the time of launch - -at a lower price.

Since then. VMware has started giving away VMware Player.