For long have been using and suggesting CamStudio, an open source and free screen capturing and recording software for Windows machines. A recent project of mine needed more features than what CamStudio could offer and there I was bingle(ing) (using Bing and Google) the web, when I stumbled upon ActivePresenter from Atomi Systems.
ActivePresenter is a feature rich screen recording software than help in creating interactive screencasts and SCORM-compliant e-learning content.
Few of the many features of the ActivePresenter are
1. Obviously Capture and Record (Images and Full motion video)
2. Annotation
3. Audio/Video Editing with options like pan/zoom
4. Exporting to high quality video formats including AVI, WebM etc
5. Transition Effects
6. Narration, Spotlight, Blur, cursor path etc.