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

                                  May 14, 2001
                                 --------------
                                (Date of Report)

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


     STATE OF DELAWARE               0-25713               68-0413929
-----------------------------      ------------         ------------------
(State or other jurisdiction       (Commission              (IRS Employer
      of incorporation)            File Number)         Identification No.)


                216 Haddon Avenue, Suite 607, Westmont, NJ 08108
              ---------------------------------------------------
              (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (856) 869-0770



<PAGE>2

Item 2.  Acquisition or Disposition of Assets


     On April 30, 2001,  AremisSoft  Corporation  ("AremisSoft")  completed  its
acquisition  (the  "Acquisition")  of  Fourth  Shift  Corporation,  a  Minnesota
corporation  ("Fourth  Shift"),  which is a  worldwide  supplier  of  enterprise
resource  planning  (ERP) and  e-business  software.  The  Acquisition  was made
pursuant to a Merger Agreement,  dated February 26, 2001, as amended as of March
23,  2001  (the  "Agreement"),  by  and  between  AremisSoft,  its  wholly-owned
subsidiary,  AremisSoft  Manufacturing (US), Inc., a Delaware  corporation,  and
Fourth Shift.  The Acquisition was approved by Fourth Shift's  shareholders at a
Special Meeting held on April 27, 2001.

     Pursuant  to the  Agreement,  on April 30,  2001 each outstanding  share of
Fourth  Shift's common stock (other than  dissenting  shares) was converted into
the  right  to  receive  an  amount  equal to $3.70  per  share in cash,  for an
aggregate  consideration  of  approximately  $41  million.  As a  result  of the
Acquisition, Fourth Shift is now a wholly-owned subsidiary of AremisSoft.

     The consideration  for the Acquisition was paid out of AremisSoft  existing
working capital and was determined through arms' length  negotiations which took
into account various factors concerning the business of Fourth Shift, including,
among other things, the relative valuation of Fourth Shift.

     The foregoing  summary of the  Acquisition  is qualified in its entirety by
reference to (a) the Agreement,  a copy of which is included as Exhibit 10.29 to
AremisSoft's  Form 8-K  filed on March 5, 2001 and  incorporated  herein by this
reference,  and (b) the amendment to the Agreement included as Exhibit 10.41 and
incorporated herein by this reference.

Item 7.  Financial Statements and Exhibits.

     (a)  FINANCIAL STATEMENTS OF FOURTH SHIFT CORPORATION.

     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.

          10.29 Merger Agreement for Fourth Shift Corporation.*

          10.41 Amendment to Merger Agreement for Fourth Shift Corporation.

*    Incorporated herein by reference to the Form 8-K filed on March 5, 2001.

<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: May 11, 2001                        AREMISSOFT CORPORATION



                              By: /s/  PAUL BLOOM
                                       -----------------------------------------
                                       Paul Bloom
                                       Executive Vice President of Corporate
                                       Development
[{"type": "8-K", "sequence": "1", "filename": "ascform8kmay2001.txt", "description": "FORM 8K", "secsgml_size_bytes": 4561}]
{"company-data": {"conformed-name": "AREMISSOFT CORP /DE/", "cik": "0001065152", "assigned-sic": "7372", "irs-number": "680413929", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25713", "film-number": "1632841"}, "business-address": {"street1": "216 HADDON AVE", "street2": "SUITE 607", "city": "WESTMONT", "state": "NJ", "zip": "08108"}, "mail-address": {"street1": "60 BISHOPSGATE", "street2": "LONDON", "city": "ENGLAND"}}
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

                                  May 14, 2001
                                 --------------
                                (Date of Report)

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

     STATE OF DELAWARE               0-25713               68-0413929
-----------------------------      ------------         ------------------
(State or other jurisdiction       (Commission              (IRS Employer
      of incorporation)            File Number)         Identification No.)

                216 Haddon Avenue, Suite 607, Westmont, NJ 08108
              ---------------------------------------------------
              (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (856) 869-0770
2

Item 2.  Acquisition or Disposition of Assets

     On April 30, 2001,  AremisSoft  Corporation  ("AremisSoft")  completed  its
acquisition  (the  "Acquisition")  of  Fourth  Shift  Corporation,  a  Minnesota
corporation  ("Fourth  Shift"),  which is a  worldwide  supplier  of  enterprise
resource  planning  (ERP) and  e-business  software.  The  Acquisition  was made
pursuant to a Merger Agreement,  dated February 26, 2001, as amended as of March
23,  2001  (the  "Agreement"),  by  and  between  AremisSoft,  its  wholly-owned
subsidiary,  AremisSoft  Manufacturing (US), Inc., a Delaware  corporation,  and
Fourth Shift.  The Acquisition was approved by Fourth Shift's  shareholders at a
Special Meeting held on April 27, 2001.

     Pursuant  to the  Agreement,  on April 30,  2001 each outstanding  share of
Fourth  Shift's common stock (other than  dissenting  shares) was converted into
the  right  to  receive  an  amount  equal to $3.70  per  share in cash,  for an
aggregate  consideration  of  approximately  $41  million.  As a  result  of the
Acquisition, Fourth Shift is now a wholly-owned subsidiary of AremisSoft.

     The consideration  for the Acquisition was paid out of AremisSoft  existing
working capital and was determined through arms' length  negotiations which took
into account various factors concerning the business of Fourth Shift, including,
among other things, the relative valuation of Fourth Shift.

     The foregoing  summary of the  Acquisition  is qualified in its entirety by
reference to (a) the Agreement,  a copy of which is included as Exhibit 10.29 to
AremisSoft's  Form 8-K  filed on March 5, 2001 and  incorporated  herein by this
reference,  and (b) the amendment to the Agreement included as Exhibit 10.41 and
incorporated herein by this reference.

Item 7.  Financial Statements and Exhibits.

     (a)  FINANCIAL STATEMENTS OF FOURTH SHIFT CORPORATION.

     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.

          10.29 Merger Agreement for Fourth Shift Corporation.*

          10.41 Amendment to Merger Agreement for Fourth Shift Corporation.

*    Incorporated herein by reference to the Form 8-K filed on March 5, 2001.
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: May 11, 2001                        AREMISSOFT CORPORATION

                              By: /s/  PAUL BLOOM
                                       -----------------------------------------
                                       Paul Bloom
                                       Executive Vice President of Corporate
                                       Development