SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
January 10, 2001
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(Date of Report)
AREMISSOFT CORPORATION
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(Exact name of registrant as specified in its charter)
STATE OF DELAWARE 7372 68-0413929
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
216 Haddon Avenue, Suite 607, Westmont, NJ 08108
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (856) 869-0770
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Item 5. Other Events
On December 29, 2000, AremisSoft Corporation acquired all of the
outstanding shares of Denon International Limited for approximately $7.34
million. Denon International is a Dubai, U.A.E., based company organized in the
British Virgin Islands with operations in Romania, Turkey, Greece, Northern
Cyprus, Ukraine, Oman, Qtar, Bahrain, Kuwait, Kingdom of Saudi Arabia, Jordan
and India.
Denon International develops, markets, implements and supports a fully
integrated ERP system with an Arabic User Interface directed at the ERP market
in the Middle East. The amount of consideration was determined through
negotiations that took into account various factors concerning the business of
Denon International including, among other things, the barriers to entry into
the Middle Eastern ERP market and the market value of comparable companies.
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: January 10, 2001 AREMISSOFT CORPORATION
By:/s/ ROYS POYIADJIS
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Roys Poyiadjis
President & Chief Executive Officer
