What are some alternatives?
When comparing Phatch and pngquant, you can also consider the following products
XnConvert - XnConvert is an easy image converter for graphic files, photos and images available on Windows...
ImageOptim - Faster web pages and apps.
FastStone Photo Resizer - Convert and Rename images in batch mode Support JPEG, BMP, GIF, PNG, TIFF and JPEG2000
TinyPNG - Make your website faster and save bandwidth. TinyPNG optimizes your PNG images by 50-80% while preserving full transparency!
Caesium Image Compressor - Compress your pictures up to 90% without visible quality loss.
PNGGauntlet - -Combines PNGOUT, OptiPNG, and DeflOpt to create the smallest PNGs