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SAN ANTONIO-Effective July 11, commandand-control software maker MDI now owns the "Safe Initiatives" brand portfolio, formerly owned by Stratis Authority, which at one time was the single largest investor in MDI. MDI will now discontinue the use of the Stratis name, which MDI purchased, and move all "Safe Initiatives" operations, formerly housed in Miami, to its own headquarters here. Terms of the transaction have not yet been fully released, however, in a July 24 letter to investors, president and chief executive officer J. Collier Sparks did shed some light on the relationship between Stratis and MDI.
After agreeing to sell Stratis 5.3 million shares of MDI stock for $2.6 million, to be...