server side encoding for linux

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Hi all,

Our company switched this month to centovacast, before we had our clients set up with the options to re-encoding automatocally by the server, but we want to reduce cpu usage, so I want to ask here if someone know about some good linux re-encoding program to change the bitrate for the files our users have already in the system, we will ask them to upload the  new files according with them plans, but will be a pain for them to re-encode all them files and reupload, so if someone can recommend me some good console program compatible with centos4 will appreciate it.

Thank You in advanced.
Thank you a lot for your help Jum, I have now installed lame-3.97 on my server, now i need to check only how to use it.