Red Bend isn't saying yet who it is working with to deliver the offering. Because its product is a type 1 hypervisor, it needs to convince chip makers to include the software in their chipsets.

But since its software update technology is embedded in many leading chipsets, it already has relationships with the silicon companies, said Lori Sylvia, Red Bend's vice president of marketing. She offered a sneak peek at the virtualization technology on the sidelines of the CTIA Enterprise and Applications conference in San Diego.

Red Bend's technology will run two full versions of Android on a phone, she said. The setup invites criticism because it's likely to impact performance on a phone designed to run just one OS. But Sylvia said the software is designed to allocate resources such that users won't find that it degrades performance.

She demonstrated PC software that IT administrators would use to push a work profile out to users. Administrators will be able to push out the OS, plus additional enterprise applications, to individuals or groups of users. The user receives a text message about the new software and downloads it over the air.

Once the software is installed, the user sees an icon on the home screen that might say My Office, or whatever the business decides to name it. Clicking the icon takes the user to a different home screen that includes the business apps. An enterprise can set the home screen image on the office side of the phone and can exclude services such as the Android Market.