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

         Date of Report (Date of earliest event reported): May 24, 2006

                                ACIES CORPORATION
               (Exact Name of Registrant as Specified in Charter)

         Nevada                 000-49724               91-2079553
     ---------------          ------------          -------------------
     (State Or Other          (Commission             (IRS Employer
     Jurisdiction Of          File Number)          Identification No.)
     Incorporation)

             14 Wall Street, Suite 1620, New York, New York  10005
             -------------------------------------------------------
              (Address of Principal Executive Offices)    (Zip Code)

       Registrant's telephone number, including area code: (800) 361-5540

                                 Not Applicable
            ---------------------------------------------------------
            (Former Address, if changed since Last Report) (Zip Code)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>


Item 5.02   Departure of Directors or Principal Officers; Election of Directors;
            Appointment of Principal Officers.

      On May 24,  2006,  the  Board  of  Directors  of  Acies  Corporation  (the
"Company") appointed Bonnie K. Wachtel and William B.G. Scigliano as independent
members of the Company's  Board of  Directors.  Jeffrey A.  Tischler,  the Chief
Financial  Officer of the  Company,  was also  appointed  as a  director  of the
Company on May 24, 2006.  All three  appointees  will serve until the  Company's
next  annual  meeting  of  stockholders.  Ms.  Wachtel  and Mr.  Scigliano  were
appointed to the Compensation  Committee and the Audit Committee of the Board of
Directors.  Mr. Tischler was not, and presently is not expected to be, appointed
to any committee of the Board of Directors.

      Upon their  appointment as directors,  Ms. Wacthel and Mr.  Scigliano each
received  100,000 shares of restricted  stock of the Company,  which shares will
vest  upon  the  one-year  anniversary  of  their  appointment.   Prior  to  her
appointment  as a  director,  on  March  3,  2006  Ms.  Wachtel  entered  into a
Subscription  Agreement  with the Company for the purchase of 500,000  shares of
common stock of the Company at a purchase  price of $.10 per share.  Neither Mr.
Scigliano or Mr. Tischler have entered into any transactions with the Company.

<PAGE>

                                    SIGNATURE

      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.


                                        ACIES CORPORATION


                                        By:  /s/ Jeffrey A. Tischler
                                           -------------------------------------
                                        Name:    Jeffrey A. Tischler
                                        Title:   Chief Financial Officer

Dated:  May 31, 2006
{"company-data": {"conformed-name": "ACIES CORP", "cik": "0001138462", "assigned-sic": "7371", "irs-number": "912079553", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-49724", "film-number": "06877463"}, "business-address": {"street1": "14 WALL STREET", "street2": "SUITE 1620", "city": "NEW YORK", "state": "NY", "zip": "10005", "phone": "(800) 361-5540"}, "mail-address": {"street1": "14 WALL STREET", "street2": "SUITE 1620", "city": "NEW YORK", "state": "NY", "zip": "10005"}, "former-company": [{"former-conformed-name": "ATLANTIC SYNERGY INC", "date-changed": "20031008"}, {"former-conformed-name": "TERENCENET INC", "date-changed": "20010416"}]}
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

         Date of Report (Date of earliest event reported): May 24, 2006

                                ACIES CORPORATION
               (Exact Name of Registrant as Specified in Charter)

         Nevada                 000-49724               91-2079553
     ---------------          ------------          -------------------
     (State Or Other          (Commission             (IRS Employer
     Jurisdiction Of          File Number)          Identification No.)
     Incorporation)

             14 Wall Street, Suite 1620, New York, New York  10005
             -------------------------------------------------------
              (Address of Principal Executive Offices)    (Zip Code)

       Registrant's telephone number, including area code: (800) 361-5540

                                 Not Applicable
            ---------------------------------------------------------
            (Former Address, if changed since Last Report) (Zip Code)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))
Item 5.02   Departure of Directors or Principal Officers; Election of Directors;
            Appointment of Principal Officers.

      On May 24,  2006,  the  Board  of  Directors  of  Acies  Corporation  (the
"Company") appointed Bonnie K. Wachtel and William B.G. Scigliano as independent
members of the Company's  Board of  Directors.  Jeffrey A.  Tischler,  the Chief
Financial  Officer of the  Company,  was also  appointed  as a  director  of the
Company on May 24, 2006.  All three  appointees  will serve until the  Company's
next  annual  meeting  of  stockholders.  Ms.  Wachtel  and Mr.  Scigliano  were
appointed to the Compensation  Committee and the Audit Committee of the Board of
Directors.  Mr. Tischler was not, and presently is not expected to be, appointed
to any committee of the Board of Directors.

      Upon their  appointment as directors,  Ms. Wacthel and Mr.  Scigliano each
received  100,000 shares of restricted  stock of the Company,  which shares will
vest  upon  the  one-year  anniversary  of  their  appointment.   Prior  to  her
appointment  as a  director,  on  March  3,  2006  Ms.  Wachtel  entered  into a
Subscription  Agreement  with the Company for the purchase of 500,000  shares of
common stock of the Company at a purchase  price of $.10 per share.  Neither Mr.
Scigliano or Mr. Tischler have entered into any transactions with the Company.
SIGNATURE

      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.

                                        ACIES CORPORATION

                                        By:  /s/ Jeffrey A. Tischler
                                           -------------------------------------
                                        Name:    Jeffrey A. Tischler
                                        Title:   Chief Financial Officer

Dated:  May 31, 2006