I am sure there are many sw packages that can do this. One that might be worth looking at is
http://www.intervideo.com/jsp/WinDVD...um_Profile.jsp
tbh I only mention this one because I happen to have got it free with some piece of hardware or other (dont remeber which / think it came with a MB). I think the offer a free trial as well so you could test it out (not sure if the trial is feature limited or time limited though)
HTH