Adobe Dives Into Facebook Ad Buying With Efficient Frontier Purchase

Adobe is taking the plunge into ad buying with the pending purchase of Efficient Frontier, a company best known for helping marketers negotiate advertising on Facebook.

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The acquisition will add new services to Adobe’s Digital Marketing Suite, which includes web analytics and web optimization tools for marketers.

Terms of the deal were not disclosed.

The purchase will give Adobe more of a foothold in ad buying on Facebook. Adobe currently lets marketers buy ads on Facebook via its Adobe Search Center+ paid search management tool.

The deal follows Adobe’s $1.8 billion purchase of Omniture, a maker of web traffic measurement software, in 2009. Such measurement tools let publishers using Adobe’s software quantify the number of people who visit their sites in order to better negotiate ad rates.

Founded in 2002, Efficient Frontier manages more than $1 billion in marketing spending on behalf of its clients, which include Travelodge, Match.com and Discover Financial Services.

IBM Names Virginia Rometty First Female CEO

IBM has named 30-year company veteran Virginia Rometty as its first female CEO.

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Rometty will succeed the outgoing Samuel Palmisano (both pictured) in the post on Jan. 1, 2012. Palmisano will remain chairman of IBM’s board. Rometty, who joined IBM in 1981 as a systems engineer, currently serves as svp and group executive for sales, marketing and strategy for the company.

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Palmisano has been CEO of the company since 2002. Under his watch, IBM exited some commoditized businesses like PCs, printers and hard drives and has overseen expansion into China, Brazil, India and Russia, among other emerging markets.

Though there was a time when women CEOs at tech companies was unheard of, in the last 20 years there have been several, including Carly Fiorina of Hewlett-Packard and Meg Whitman of eBay.