VMware debuted Project Octopus  back in April. The service is the result of a joint effort between the virtualization kingpin and EMC Mozy, and is touted as “Dropbox for the enterprise.”

Until now we only knew what it is, but today Bill Bliss, the head of VMware’s end user product development, hinted that that it may launch at the VMworld conference his company is holding from Aug 26-30. He also disclosed a few other details about the actual product and how it will be offered.

Project Octopus, a temporary name that will expire once it rolls out of the development stage, will be available as either a cloud service or an on-premise implementation. The emphasis is on the latter, Bliss said, noting that it will be more appealing to the enterprises that VMware is targeting with its upcoming locker service.

Octopus doesn’t stop here. The service will be bundled together with VMware’s Horizon Application Manager to integrate the former’s Dropbox-like functionality into a broader environment that is more comparable with iCloud. Bogomil Balkansky, VMware’s senior vice president of cloud infrastructure products, also attended the Cloudscape Summit and provided his own point of view about the Project Octopus-Application Manager combo:

“The proposition is seamless access to any application from any device,” said Balkansky in an interview with CRN after his presentation. “Now you have a single workspace where you can seamlessly access all of these applications with a single sign on.”

This workspace would provide a secure means of accessing business applications from mobile devices – not just VMware’s but also Salesforce and other offerings from channel partners.

The virtualization firm is pushing not only BYOD but also PaaS. There are speculations that in light of Cloud Foundry’s immense success; the company may be considering to spin it off.