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Search engine marketing firm Efficient Frontier today appointed Ellen Siminoff chairman of the board and named president James Beriker as the new CEO and director.

In her four years as CEO, Siminoff grew Efficient Frontier from a team of eight to a leading search marketing technology and professional services company with 170 employees managing $450 million in annual search spend for 250 advertisers worldwide. As chairman, Siminoff will continue to guide and participate in the growth initiatives and the company’s strategic direction.

Efficient Frontier was the first search marketing firm to apply portfolio management theory (Wall St. equity trading algorithms) to the optimization of paid search listings. Efficient Frontier’s algorithms use historical data to model all possible bid combinations across a portfolio of keywords to allocate budget optiimally. The best possible return on investment? The so-called “efficient frontier.”

In a statement, Siminoff said Efficient Frontier has reshaped the SEM industry by applying advanced technology keyword optimization. Efficient Frontier pioneered the management of millions of keywords in Google’s invisible bid landscape, bringing predictive modeling to opaque search marketplaces.

The next generation of Efficient Frontier’s platform will enable clients to apply algorithms to emerging media auction marketplaces, including display and social search engines, as well as optimize advertising spend across multiple channels.

As CEO, Beriker will be responsible for the overall management of the business. His charge? Drive growth, product innovation and global expansion.

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Tags: business, Google, Innovation, Marketing, search engine marketing, Search Engines, Space, Technology