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

                                  March 5, 2001
                                  -------------
                                (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.)


                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 5.  Other Events

Merger Agreement - Fourth Shift Corporation

        On February  26, 2001,  AremisSoft  Corporation  ("AremisSoft")  and its
wholly-owned  subsidiary,   AremisSoft  Manufacturing  (US),  Inc.,  a  Delaware
corporation   executed  a  definitive   merger   agreement   with  Fourth  Shift
Corporation, a Minnesota corporation ("Fourth Shift"). Under the terms of the of
the merger,  Fourth Shift will become a wholly owned  subsidiary of  AremisSoft.
The  merger is  subject  to certain  conditions,  including  approval  by Fourth
Shift's shareholders.

        Upon closing of the Merger, each outstanding share of the Fourth Shift's
Common Stock (other than dissenting shares) shall be converted into the right to
receive an amount equal to $3.70 per share, in cash (without  interest).  At the
same time, each outstanding  option to purchase Forth Shift's Common Stock under
the Fourth  Shift's stock option plans will be assumed by  AremisSoft,  with the
number of shares and exercise price adjusted pursuant to a formula.

        The foregoing  description of the merger  agreement and the transactions
contemplated  thereby  does not purport to be complete  and is  qualified in its
entirety by reference to the merger agreement attached hereto as Exhibit 10.29.

Purchase and Sale of Assets - Rio Systems International, Inc.

        On February 28, 2001, pursuant to an Agreement for the Purchase and Sale
of Assets,  dated  February  26,  2001,  AremisSoft,  through  its wholly  owned
subsidiary,  AremisSoft Hospitality (US), Inc., a Delaware corporation, acquired
substantially  all of the assets and assumed certain  liabilities of Rio Systems
International,  Inc., a Nevada  corporation  ("Rio  Systems") for  approximately
$2.44 million in a cash transaction.  Additional  consideration may also be paid
to Rio Systems, based on an earnout formula, over a fifteen (15) month period..

        Rio  Systems  is a  supplier  of  an  integrated  hospitality  suite  of
applications that serve the spa, resort, and premium hotel markets.

        The amount of consideration  for both these  transactions was determined
through  negotiations  that took into account  various  factors  concerning  the
businesses to be acquired.

Item 7.  Financial Statements and Exhibits.

        (c)    Exhibits.

               10.29  Merger Agreement for Fourth Shift Corporation.

               10.30  Agreement for Purchase and Sale of Assets for
                      Rio Systems International




<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: March 2, 2001            AREMISSOFT CORPORATION



                                By:  /S/  ROYS POYIADJIS
                                     ----------------------------------------
                                     Roys Poyiadjis
                                     Co-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

                                  March 5, 2001
                                  -------------
                                (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.)

                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 5.  Other Events

Merger Agreement - Fourth Shift Corporation

        On February  26, 2001,  AremisSoft  Corporation  ("AremisSoft")  and its
wholly-owned  subsidiary,   AremisSoft  Manufacturing  (US),  Inc.,  a  Delaware
corporation   executed  a  definitive   merger   agreement   with  Fourth  Shift
Corporation, a Minnesota corporation ("Fourth Shift"). Under the terms of the of
the merger,  Fourth Shift will become a wholly owned  subsidiary of  AremisSoft.
The  merger is  subject  to certain  conditions,  including  approval  by Fourth
Shift's shareholders.

        Upon closing of the Merger, each outstanding share of the Fourth Shift's
Common Stock (other than dissenting shares) shall be converted into the right to
receive an amount equal to $3.70 per share, in cash (without  interest).  At the
same time, each outstanding  option to purchase Forth Shift's Common Stock under
the Fourth  Shift's stock option plans will be assumed by  AremisSoft,  with the
number of shares and exercise price adjusted pursuant to a formula.

        The foregoing  description of the merger  agreement and the transactions
contemplated  thereby  does not purport to be complete  and is  qualified in its
entirety by reference to the merger agreement attached hereto as Exhibit 10.29.

Purchase and Sale of Assets - Rio Systems International, Inc.

        On February 28, 2001, pursuant to an Agreement for the Purchase and Sale
of Assets,  dated  February  26,  2001,  AremisSoft,  through  its wholly  owned
subsidiary,  AremisSoft Hospitality (US), Inc., a Delaware corporation, acquired
substantially  all of the assets and assumed certain  liabilities of Rio Systems
International,  Inc., a Nevada  corporation  ("Rio  Systems") for  approximately
$2.44 million in a cash transaction.  Additional  consideration may also be paid
to Rio Systems, based on an earnout formula, over a fifteen (15) month period..

        Rio  Systems  is a  supplier  of  an  integrated  hospitality  suite  of
applications that serve the spa, resort, and premium hotel markets.

        The amount of consideration  for both these  transactions was determined
through  negotiations  that took into account  various  factors  concerning  the
businesses to be acquired.

Item 7.  Financial Statements and Exhibits.

        (c)    Exhibits.

               10.29  Merger Agreement for Fourth Shift Corporation.

               10.30  Agreement for Purchase and Sale of Assets for
                      Rio Systems International
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: March 2, 2001            AREMISSOFT CORPORATION

                                By:  /S/  ROYS POYIADJIS
                                     ----------------------------------------
                                     Roys Poyiadjis
                                     Co-Chief Executive Officer