AremisSoft

AremisSoft was a publicly traded enterprise software company that developed, marketed, implemented, and supported enterprise-wide business applications for mid-sized organizations. Its products served several verticals, including healthcare, manufacturing, hospitality, and construction, and it was not a drug developer or therapeutics company. In healthcare, the company was positioned as a healthcare software and applications vendor rather than a biotech, pharma, or medical device innovator. AremisSoft became known primarily for a major accounting fraud scandal investigated by the SEC and federal prosecutors. The company filed for Chapter 11 bankruptcy in 2002 and is no longer an active operating business.