Nortel & MDI Teaming Up for Extra Security
Shares of MDI Inc. (Nasdaq: MDII) jumped up today after news of the deal with Nortel Networks Corp. (NYSE: NT) was announced early this morning. MDII was up 19 cents (15 percent) at $1.40 per share on volume of 742,645. The company entered into a business agreement designed to promote Nortel's comprehensive network communications and information security solutions together with MDII's unified security technology solutions across multiple vertical markets. Nortel will leverage existing global sales channels and business development resources to promote the MDII product line. Nortel is the exclusive systems integrator for the Learn Safe school safety and security…