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it's not that hard to do it yourself, just need one or two days to setup and adjust setting.
We use a dedicated server based on a Intel(R) Xeon(R) CPU E3-1241 + SSD which is enough to encode our videos using ffmpeg and ftp to upload the video once encoded.
I don't know if ffmpeg can do adaptive stream but for the other format it's quite easy and result is good
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