You can have mutliple versions of software installed on the same machine. Just be sure to install to a new folder for the new version so that the older files do not get overwritten.
Whether or not a machine can support the range of product versions you want it to is someting else to consider.
Thanks for the quick reply. It seems that this laptop (with an Intel HD Graphics Family) will not be able to support OpenGL but that's not a problem I guess.