This is a file compression utility.
This iZip utility helps Zip, unzip, encrypt, and share files on your Mac. You could use the familiar Mac Finder to easily manage the contents of the common archive file formats created by WinZip, WinRAR and others. The archives created can be treated as removable storage. It is possible to save your documents directly to your zip file. One could even drag-and-drop files between archives. You do not need to extract the whole contents of a large zip file so that a particular file could be taken out. iZip is tightly integrated with the Mac Operating System and thus seamless management of your archives is possible. The tool uses AES encryption at 256 bit complexity level. Unauthorized users will not be able to view any of your confidential information. The iZip helps provide sharing options. You do not have to get through the hassles of sending large archives through email.
The developers provide a file sharing service that makes it possible to share the files in a few clicks. You collaborators could be using a different OS and that would not matter. This has a simple and easy to use interface. It is intuitive enough that most users should get familiar with it quite easily. Getting productive with it should not take much time. This tool is now available for other Apple devices too. You could download the app on iPhone, iPad and iPod touch running iOS5. This is a very good product. If you are looking for a similar solution, you should try it in your exact workflow.