RGB Networks is developing an open source version of its TransAct Transcoder. Called "RipCode Transcoder," after the company RipCode, which RGB acquired in 2010 and which originally developed TransAct, the new cloud-enabled software transcoder is designed to provide greater control, integration and flexibility in video delivery workflows.

Based on the open source cloud operating system OpenStack, RipCode will be an "open core" project, where the core technology from the TransAct Transcoder is being used to create the foundations of the open source project. The release of the first version is targeted for Q1 2015.

The intended feature set will include:

• Both Linear (live) and VOD transcoding
• Cluster management, load balancing, and failover
• Linear and VOD transcoding of MPEG-2, H.264, H.265, AAC, AC3, and other video and audio codecs
• File-to-file watch folders
• Reporting and logging of events
• Commercial-grade GUI
• RESTful APIs