QuickLZ is a high speed data compressor that uses a proprietary compression format, which is totally I/O bound and compresses files much faster than other algorithms. The compression ratio is worse, resulting in larger archive files, but if speed is more important to you than storage size, you should give it a try.
QuickLZ is a data compression library in portable standard C which gives light but fast compression. QuickLZ can be used for free under the GPL-1 or GPL-2 license (where anything released into public must be open source) or under a commercial license if such has been acquired. Some properties:
World's fastest compression speed (level 0) for its class of compression ratio. Really.
Streaming mode for optimal compression ratio of small packets down to 200 - 300 bytes in size.
Speed is favoured over backwards compatibility. New algorithms and data formats are taken in use for uncompromised performance.
The QuickLZ 1.10 library and later has been verified to work on many 32- and 64-bit architectures such as x86, x64, UltraSPARC, MIPS, Itanium, PA-RISC, Alpha, Cell, POWER and 68k. Also on embedded processors like ARM and SH4/5 and 32-bit microcontrollers in different kinds of hardware.

The license of this software is Freeware, you can free download and free use this file compression software.