For a limited time only, Giveaway of the Day (GOTD) is offering a free download of the proprietary partition manager designed by Paragon Software Group. Paragon Partition Manager 2009 is the self-proclaimed most reliable and complete drive partitioning tool available on the market today, which originally retails for $39.95.

Its feature-set is parallel to most commercial partitioning software, including the ability to create, format, delete, undelete, hide, unhide, move, resize and merge partitions. Other features include the ability to install an OS via a wizard, convert primary and logical partitions, update your MBR, configure a multi-boot environment, resolve common boot-related issues, and perform a defragmentation. It also guarantees a data-loss-free backup and restore functionality.

The software is compatible with 32 and 64-bit versions of Windows Vista and XP, as well as 2000, and has very low system requirements. As the site’s domain name implies, the deal is expected to expire at the end of the day, but if you’re too late and are in need of a freeware partition software check out the Gnome Partition Editor (GParted).