Parallels Workstation is a powerful desktop virtualization solution that empowers IT professionals with the ability to create completely networked, fully portable, and entirely independent virtual machines on a single physical machine. The product helps enterprises move from a traditional IT environment to a virtual one, which enables enterprises to significantly streamline their IT budgets. The technology also empowers Parallels Workstation to fully realize the features and benefits of Intel® Virtualization Technology architecture, an important new technology that optimizes CPUs for virtualization.

Parallels Desktop is the first solution for Intel® processor-based Macs that enables users to run Windows XP – or any other operating system – simultaneously in isolated "virtual machines" directly on a Mac OS X desktop, giving them the ability to use Windows programs at the same time as their favorite Mac applications. This is different from Apple’s recently announced “Boot Camp” dual boot solution, in which users are forced to work in either Windows XP or Mac OS X, and must completely shut down one to access the other.

Parallels Compressor is a powerful, easy-to-use, universally compatible management tool that helps companies using almost any server and workstation virtualization platform conserve valuable hard disk resources and optimize the performance of their virtual workstations and servers by reducing the size of virtual hard disks by 50 percent or more. Compressor works by automatically deleting temporary and unnecessary files within Windows, and then compressing the actual virtual hard disk image file.