To build, cd to the source directory and make. 
To install, su root and make install

You need the shared libraries:

  libzita-alsa-pcmi.0.2.0
  libclthreads.so.2.4.0
  libclxclient.so.3.9.0
 
and the corresponding header files installed. These are available at
<http://kokkinizita.linuxaudio.org/linuxaudio/downloads/index.html>

You also need libfftw3f, which comes with most Linux distributions.

-- 
FA

