ImageMagick is an open source image editing tool that can work on a huge variety of formats. It essentially is a command line tool with APIs for numerous programming languages including .NET, PHP, Java, Python etc.
Download the package:
Install all the missing dependencies:
yum install libICE libtiff libSM libXext libXt libtool-ltdl fontconfig
Install the ImageMagick Package:
rpm -ivh ImageMagick-6.7.0-10.x86_64.rpm
And its installed!