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Re:The Tiniest GIF Ever by ars on Sunday September 09, 2012 @06:41PM (#4497302)
If you want it locally: http://pngnq.sourceforge.net/

I think the service simply uses that program behind the scenes.

Re:The Tiniest GIF Ever by SquareWheel on Sunday September 09, 2012 @06:47PM (#4497319)
No, they use their own tech. It uses some pre-existing algorithms but it's currently not available for offline use.
Re:The Tiniest GIF Ever by j_s on Monday September 10, 2012 @02:44PM (#4501376)
http://news.ycombinator.com/item?id=4167964 (by molf, apparently someone involved in creating TinyPNG)

   > Mostly pngquant (the new version), optipng and 
   > advpng. We are still tuning parameters and 
   > swapping in and out tools based on our benchmarks 
   > and testing suite.
from their debut on HN back in June, where they caught a lot of flack for being a web service:

http://news.ycombinator.com/item?id=4167964

Re:The Tiniest GIF Ever by SquareWheel on Monday September 10, 2012 @04:56PM (#4502215)
Interesting read, thanks.
Re:The Tiniest GIF Ever by pornel on Monday September 10, 2012 @06:39AM (#4499116)
TinyPNG uses http://pngquant.org and optipng.
Re:The Tiniest GIF Ever by SquareWheel on Monday September 10, 2012 @07:24AM (#4499212)
It's a bit more than that, I know advpng is also used somewhere in the process.