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7-zip

http://www.7zip.com/

Originally designed to compete with other file formats 7Zip sports the 7Z format which is an efficient compression format that competes head to head with Zip and RAR. the current version of 7Zip supports many other file formats including Zip and RAR (read only). Opposite to archive utilities like WinZip and WinRAR, 7Zip is completely free and open source which makes it the archive utility of choice to many.

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