In Brief: Alltel Buys Xpede Online Technology

JACKSONVILLE, Fla. - Alltel Information Services Inc. said Tuesday that it had acquired financial relationship management technology and 30 employees involved with it from Xpede of Oakland, Calif.

The price was not disclosed.

Xpede lets banks promote its online mortgage origination service under their own brands. The technology, to be delivered through Alltel's browser-based lending portal, will let Alltel enable banks to offer bundled products through online loan and banking channels, said Rob Lee, executive vice president of the Alltel Corp. division.

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