I've used Connectirect at various sites and am pretty certain that it will perform an efficient compression during file transfer. There's a number of Google-able docs out there that back this up, but none that I can find that actually give the compression ratio. I believe that it depends upon the type of data being compressed.
There's an article here that says:
"Connectirect also enables Wachovia Bank to compress files, which shortens the transmission time and eases the stress on the network".
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