i-data's Affiliated Company Exbit Technology to Be Acquired by Vitesse Semiconductor Corporation

Acquisition Price of Up to 6.9 Million Vitesse Shares Equivalent to DKK 1.4

Billion Based on the Current Share Price of Vitesse



i-data to receive a minimum of 2.1 million Vitesse shares equivalent to DKK

425 million and to receive up to an additional 1.16 million shares equivalent

to DKK 235 million, based on the current share price of Vitesse



Apr 02, 2001, 01:00 ET from i-data international a-s

    COPENHAGEN, Denmark, April 2 /PRNewswire/ -- Vitesse Semiconductor
 Corporation (Vitesse) has agreed to acquire i-data international's (i-data)
 affiliated company Exbit Technology A/S for up to 6.9 million shares of
 Vitesse common stock, valuing the transaction at up to approximately
 DKK 1.4 billion based on the closing price for Vitesse shares on
 Friday March 30.
     Under the agreement, Vitesse will issue approximately 4.4 million shares
 of its common stock in exchange for all outstanding Exbit shares and upon
 exercise of outstanding Exbit employee warrants.  Additionally, Vitesse shall
 pay up to approximately 2.5 million shares to the shareholders and warrant
 holders of Exbit if certain performance goals are achieved.
     Until the acquisition of Exbit by Vitesse, i-data international a-s owned
 47.5% of Exbit's share capital on a non-diluted basis.  Following the
 completion of the transaction, i-data international will receive approximately
 2.1 million Vitesse shares.  Depending on certain performance goals being met
 by Exbit, i-data may receive an additional 1.1 million Vitesse shares.
     Vitesse is publicly traded on the Nasdaq National Market under the symbol
 "VTSS".
     Nick Jensen, CEO of i-data international a-s, comments:
 
     "Since December 1999, i-data international has invested a total of DKK 22
 million in Exbit of which DKK 13 million was provided as loan capital.  This
 loan will be paid back at closing.  i-data's return of investment has been
 outstanding. With the current Vitesse shareprice, the investment has grown to
 a value of up to DKK 660 million in only 15 months.  We're extremely pleased
 with this development, and we have enjoyed working with Exbit's talented team.
 It will be exciting to follow the success of Vitesse over the next years."
     i-data's sale of its shares in Exbit is expected to positively impact this
 year's result should i-data decide to sell the Vitesse shares received under
 the agreement.
     The transaction is expected to be completed in the quarter ending June 30,
 2001, subject to customary regulatory approvals.
     Schroder Salomon Smith Barney has advised Exbit's shareholders in
 connection with the transaction.
 
     About i-data international a-s
     Headquartered in Denmark, i-data international a-s (i-data) is an
 international IT company focusing on two business areas:
 
     -- Secure Internet Connectivity: A global leader in Internet connectivity
        and security products, with distribution in more than 80 countries
        worldwide.  Marketed under the Eicon Networks brand.
     -- Workflow & Output Management: A market and technology leader in the
        workflow & output management market, with distribution worldwide.
        Marketed under the MPI Tech and Aviva brands.
 
     Additionally, i-data Technology acquires or invests in small technology
 companies to support core business activities in the other business areas.
 Interests include embedded software company Trisignal Communications.
     i-data international is a publicly traded company on the Copenhagen Stock
 Exchange.  More information is available on the world wide web at
 www.i-datac.com .
 
 

SOURCE i-data international a-s
    COPENHAGEN, Denmark, April 2 /PRNewswire/ -- Vitesse Semiconductor
 Corporation (Vitesse) has agreed to acquire i-data international's (i-data)
 affiliated company Exbit Technology A/S for up to 6.9 million shares of
 Vitesse common stock, valuing the transaction at up to approximately
 DKK 1.4 billion based on the closing price for Vitesse shares on
 Friday March 30.
     Under the agreement, Vitesse will issue approximately 4.4 million shares
 of its common stock in exchange for all outstanding Exbit shares and upon
 exercise of outstanding Exbit employee warrants.  Additionally, Vitesse shall
 pay up to approximately 2.5 million shares to the shareholders and warrant
 holders of Exbit if certain performance goals are achieved.
     Until the acquisition of Exbit by Vitesse, i-data international a-s owned
 47.5% of Exbit's share capital on a non-diluted basis.  Following the
 completion of the transaction, i-data international will receive approximately
 2.1 million Vitesse shares.  Depending on certain performance goals being met
 by Exbit, i-data may receive an additional 1.1 million Vitesse shares.
     Vitesse is publicly traded on the Nasdaq National Market under the symbol
 "VTSS".
     Nick Jensen, CEO of i-data international a-s, comments:
 
     "Since December 1999, i-data international has invested a total of DKK 22
 million in Exbit of which DKK 13 million was provided as loan capital.  This
 loan will be paid back at closing.  i-data's return of investment has been
 outstanding. With the current Vitesse shareprice, the investment has grown to
 a value of up to DKK 660 million in only 15 months.  We're extremely pleased
 with this development, and we have enjoyed working with Exbit's talented team.
 It will be exciting to follow the success of Vitesse over the next years."
     i-data's sale of its shares in Exbit is expected to positively impact this
 year's result should i-data decide to sell the Vitesse shares received under
 the agreement.
     The transaction is expected to be completed in the quarter ending June 30,
 2001, subject to customary regulatory approvals.
     Schroder Salomon Smith Barney has advised Exbit's shareholders in
 connection with the transaction.
 
     About i-data international a-s
     Headquartered in Denmark, i-data international a-s (i-data) is an
 international IT company focusing on two business areas:
 
     -- Secure Internet Connectivity: A global leader in Internet connectivity
        and security products, with distribution in more than 80 countries
        worldwide.  Marketed under the Eicon Networks brand.
     -- Workflow & Output Management: A market and technology leader in the
        workflow & output management market, with distribution worldwide.
        Marketed under the MPI Tech and Aviva brands.
 
     Additionally, i-data Technology acquires or invests in small technology
 companies to support core business activities in the other business areas.
 Interests include embedded software company Trisignal Communications.
     i-data international is a publicly traded company on the Copenhagen Stock
 Exchange.  More information is available on the world wide web at
 www.i-datac.com .
 
 SOURCE  i-data international a-s