SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                              ---------------------



                                   FORM 8 - K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                                December 30, 1999
                               ------------------
                                (Date of Report)

                             AREMISSOFT CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


       STATE OF DELAWARE                  7372                   68-0413929
-------------------------------       --------------        --------------------
(State or other jurisdiction           (Commission             (IRS Employer
      of incorporation)                File Number)          Identification No.)


                     200 Central Park South, #23-A, New York, NY       10019
                     -------------------------------------------    ----------
                      (Address of principal executive offices)      (Zip Code)

       Registrant's telephone number, including area code: (212) 765-7383



<PAGE>2


Item 2.  Acquisition or Dispositions of Assets

          On  December  29,  1999,   pursuant  to  a  Share  Purchase  Agreement
("Agreement') dated December 17, 1999,  AremisSoft  Corporation  ("AremisSoft"),
through  its  wholly  owned  subsidiary  AremisSoft  (E.E.  M.E.  A.),  a Cyprus
corporation,  acquired all of the outstanding capital stock of e-nnovations.com,
an  India  corporation  ("e-nnovations").   As  a  result  of  the  acquisition,
e-nnovations has become a wholly-owned subsidiary of AremisSoft.

        Under  the  terms  of  the  Agreement,  AremisSoft  acquired  all of the
outstanding  shares of e-nnovations  for  approximately  $14.5 million in an all
cash transaction. AremisSoft funded the acquisition utilizing working capital. A
copy of the Agreement is included  herein as Exhibit 10.5 and is incorporated by
reference  into this  Item 2. The  foregoing  description  is  qualified  in its
entirety by reference to the exhibit.

        The consideration  paid by AremisSoft for the outstanding  capital stock
of e-nnovations  pursuant to the Agreement was determined  through  negotiations
that took into account various  factors  concerning the business of e-nnovations
including, among other things, the market value of comparable companies.

        As a  supplier  of  internet,  workflow  and other  advanced  technology
software, applications and services, e-nnovations has assisted AremisSoft during
the past two years in the  modernization  of  certain  enterprise  applications.
Through this acquisition,  AremisSoft intends to combine e-nnovations technology
and application skills with AremisSoft's  enterprise applications to help enable
AremisSoft  to  offer a  broader  array  of  products  and  services,  including
internet-based  applications.  The principal offices of e-nnovations are located
in Banglador, India.


Item 7.  Financial Statements and Exhibits.

        (a)    FINANCIAL STATEMENTS OF E-NNOVATIONS.COM.

               1. The  Financial  Information  required to be filed  pursuant to
Item 7(a) of Form 8-K will be filed on a Form 8-K/A as soon as practicable,  but
in no event later than 60 days from the filing date of this Form 8-K.

        (b)    PRO FORMA FINANCIAL INFORMATION.

               1.  The Pro  Forma  Financial  Information  required  to be filed
pursuant  to Item  7(b) of Form 8-K  will be  filed  on a Form  8-K/A as soon as
practicable,  but in no event  later than 60 days from the  filing  date of this
Form 8-K.


        (c)    EXHIBITS.

                10.5 Share Purchase Agreement dated as of December 17, 1999.


<PAGE>3




                                         Signatures


        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



Dated: December 29, 1999                    AREMISSOFT CORPORATION


                                      By: /s/ DR. LYCOURGOS K. KYPRIANOU
                                              ----------------------------------
                                              Dr. Lycourgos K. Kyprianou
                                              Chairman & Chief Executive Officer
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SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                              ---------------------

                                   FORM 8 - K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                                December 30, 1999
                               ------------------
                                (Date of Report)

                             AREMISSOFT CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)

       STATE OF DELAWARE                  7372                   68-0413929
-------------------------------       --------------        --------------------
(State or other jurisdiction           (Commission             (IRS Employer
      of incorporation)                File Number)          Identification No.)

                     200 Central Park South, #23-A, New York, NY       10019
                     -------------------------------------------    ----------
                      (Address of principal executive offices)      (Zip Code)

       Registrant's telephone number, including area code: (212) 765-7383
2

Item 2.  Acquisition or Dispositions of Assets

          On  December  29,  1999,   pursuant  to  a  Share  Purchase  Agreement
("Agreement') dated December 17, 1999,  AremisSoft  Corporation  ("AremisSoft"),
through  its  wholly  owned  subsidiary  AremisSoft  (E.E.  M.E.  A.),  a Cyprus
corporation,  acquired all of the outstanding capital stock of e-nnovations.com,
an  India  corporation  ("e-nnovations").   As  a  result  of  the  acquisition,
e-nnovations has become a wholly-owned subsidiary of AremisSoft.

        Under  the  terms  of  the  Agreement,  AremisSoft  acquired  all of the
outstanding  shares of e-nnovations  for  approximately  $14.5 million in an all
cash transaction. AremisSoft funded the acquisition utilizing working capital. A
copy of the Agreement is included  herein as Exhibit 10.5 and is incorporated by
reference  into this  Item 2. The  foregoing  description  is  qualified  in its
entirety by reference to the exhibit.

        The consideration  paid by AremisSoft for the outstanding  capital stock
of e-nnovations  pursuant to the Agreement was determined  through  negotiations
that took into account various  factors  concerning the business of e-nnovations
including, among other things, the market value of comparable companies.

        As a  supplier  of  internet,  workflow  and other  advanced  technology
software, applications and services, e-nnovations has assisted AremisSoft during
the past two years in the  modernization  of  certain  enterprise  applications.
Through this acquisition,  AremisSoft intends to combine e-nnovations technology
and application skills with AremisSoft's  enterprise applications to help enable
AremisSoft  to  offer a  broader  array  of  products  and  services,  including
internet-based  applications.  The principal offices of e-nnovations are located
in Banglador, India.

Item 7.  Financial Statements and Exhibits.

        (a)    FINANCIAL STATEMENTS OF E-NNOVATIONS.COM.

               1. The  Financial  Information  required to be filed  pursuant to
Item 7(a) of Form 8-K will be filed on a Form 8-K/A as soon as practicable,  but
in no event later than 60 days from the filing date of this Form 8-K.

        (b)    PRO FORMA FINANCIAL INFORMATION.

               1.  The Pro  Forma  Financial  Information  required  to be filed
pursuant  to Item  7(b) of Form 8-K  will be  filed  on a Form  8-K/A as soon as
practicable,  but in no event  later than 60 days from the  filing  date of this
Form 8-K.

        (c)    EXHIBITS.

                10.5 Share Purchase Agreement dated as of December 17, 1999.
3

                                         Signatures

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Dated: December 29, 1999                    AREMISSOFT CORPORATION

                                      By: /s/ DR. LYCOURGOS K. KYPRIANOU
                                              ----------------------------------
                                              Dr. Lycourgos K. Kyprianou
                                              Chairman & Chief Executive Officer