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We have a Windows Server 2008 R2 machine running SQL server 2008. Another application requires SQL server 2005 to be installed. Would there be any adverse effects of having both?
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We have a Windows Server 2008 R2 machine running SQL server 2008. Another application requires SQL server 2005 to be installed. Would there be any adverse effects of having both?

Can SQL Server 2005 and SQL Server 2008 be installed on the same server?

Microsoft SQL Server is a suite of relational database management system (RDBMS) products providing multi-user database access functionality.SQL Server is available in multiple versions, typically identified by release year, and versions are subdivided into editions to distinguish between product functionality. Component services include integration (SSIS), reporting (SSRS), analysis (SSAS), data quality, master data, T-SQL and performance tuning.

Microsoft SQL Server

Microsoft SQL Server 2008 is a suite of relational database management system (RDBMS) products providing multi-user database access functionality.Component services include integration (SSIS), reporting (SSRS), analysis (SSAS), data quality, master data, T-SQL and performance tuning. Major improvements include the  Always On technologies and support for unstructured data types.

Microsoft SQL Server 2008

Microsoft SQL Server 2005 is a suite of relational database management system (RDBMS) products providing multi-user database access functionality.Component services include integration (SSIS), reporting (SSRS), analysis (SSAS), data quality, master data, T-SQL and performance tuning. It includes support for managing XML data and allows a database server to be exposed over web services using Tabular Data Stream (TDS) packets encapsulated within SOAP (protocol) requests.