UK version can be found here: http://www.prnewswire.co.uk/
Patent-pending approach to portfolio bid optimization runs predictive models to maximize campaign results
San Francisco (February 27, 2012) – Kenshoo (www.kenshoo.com), a global leader in digital marketing software, today announced the release of version 3.0 of Kenshoo’s patent-pending Model-Based Bid Policies under the new name, Kenshoo Portfolio OptimizerTM (KPO).
“Many of the world’s most sophisticated advertisers have been running trials of KPO and seeing immediate results,” said Yoav Izhar-Prato, CEO at Kenshoo. “Our algorithm’s proprietary decision-making process has completely transformed the practice of bid management and lowered the barrier to entry for marketers. KPO makes budget planning more efficient and bottom-line results more attainable within enterprise, local, and mobile search advertising.”
KPO compiles historical data and builds hundreds of thousands of statistical models to forecast the impact of each bid change on a search marketer’s entire keyword portfolio. In turn, KPO adjusts bids to maximize profit, revenue, conversion, traffic or other goals set by the advertiser. In one example, this solution helped All Star Directories achieve an 87 percent increase in average daily profit on its Natural Healers site since implementing KPO.
“Kenshoo Portfolio Optimizer automates our bid management and enables much more dynamic optimization than we could perform on our own,” said Ryan Bruss, manager, search engine marketing at All Star Directories, one of the Internet’s fastest growing publishers of online and career school directories. “It immediately reduced our costs per click significantly, and with constant conversion rates, profits have been consistently higher. The new algorithm figured out where we could reduce bids, and it boosted profit 87 percent.”
Kenshoo continues to enhance its Model-Based Bid Policies since unleashing the next generation portfolio bid optimizer in 2009. Version 3.0 is powered by a self-learning algorithm that incorporates custom seasonality information to anticipate jumps in traffic and conversion rate around promotions or important holidays. The KPO patent-pending process builds models for keywords with little or no performance data and re-evaluates keyword clusters every day to maximize impact on the portfolio goal.
“Kenshoo Portfolio Optimizer offers a vastly superior alternative to rules-based bid management and the portfolio bid solutions offered by other SEM software providers,” said Moti Meir, sr. director, head of research and product at Kenshoo. “It’s impossible for keyword-level bid management to drive the same type of results in paid search that KPO achieves because it does not consider the impact of bid changes against the entire portfolio. Meanwhile, other portfolio solutions effectively kill the keyword long tail whereas KPO has a patent-pending method to uncover the potential of low-volume keywords.”
Visit Kenshoo.com/KenshooPortfolioOptimizer for more information.
Kenshoo is a digital marketing software company that engineers technology solutions for search marketing, social media and online advertising. Brands, agencies and marketing providers use Kenshoo Enterprise, Kenshoo Local and Kenshoo Social to direct more than $15 billion in annual customer sales revenue. The Kenshoo Universal Platform delivers automation, intelligence, integration and scale to make better marketing investments. Kenshoo powers 4 of the top 5 U.S. travel websites, 6 of the top 10 global hotel groups, 7 of the top 10 retailers, 7 of the top 10 telecoms, 9 of the top 10 ad agency networks, and 23 of the Fortune 50 companies. With campaigns running in more than 190 countries, Kenshoo customers include Annalect, Barnes & Noble, CareerBuilder, Facebook, KAYAK, Havas Digital, Hitwise, iREP, John Lewis, LendingTree, Sears, Starcom MediaVest Group, Tesco, Travelocity, Walgreens, and Zappos. Kenshoo has 14 international offices and is backed by Sequoia Capital and Arts Alliance. Please visitwww.Kenshoo.com for more information.
Kenshoo is a trademark of Kenshoo Ltd. Other company and brand names may be trademarks of their respective owners.