##### 









UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549





Form 10-K/ A


Amendment No. 1


FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO
SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934


|   |  |                                                                                             
|-- |  | --------------------------------------------------------------------------------------------
|x  |  | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934    
|  
|   |  | For the fiscal year ended December 31, 2004                                                 
|  
|or
|  
|o  |  | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 000-24539





ECLIPSYS CORPORATION


(Exact name of registrant as specified in its charter)


|                         |  |                                            
|------------------------ |  | -------------------------------------------
|Delaware                 |  | 65-0632092                                 
|(State of Incorporation) |  | (I.R.S. Employer
    Identification Number)

1750 Clint Moore Road


Boca Raton, Florida


33487


(Address of principal executive offices)


(561) 322-4321


(Registrants telephone number, including area code)


Securities registered pursuant to Section 12(b) of the
Act:


None


Securities registered pursuant to Section 12(g) of the
Act:


Common Stock, $.01 par value, and Preferred Stock
Purchase Rights


x o


o


x o






|                             |  |                                        
|---------------------------- |  | ---------------------------------------
|Class                        |  | Shares Outstanding as of April 25, 2005
|                             |  |                                        
|Common Stock, $.01 par value |  | 47,399,452                             









---



##### 



EXPLANATORY NOTE




2



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##### 



PART III




|         |                                                   
|-------- | --------------------------------------------------
|Item 10. | Directors and Executive Officers of the Registrant

Executive Officers of the Registrant




|                   |  |     |    |  |       |                                                          
|------------------ |  | --- | -- |  | ----- | ---------------------------------------------------------
|Name               |  | Age |    |  | Title
|                   |  |     |    |  |      
|Eugene V. Fife     |  |     | 64 |  |       | Chief Executive Officer and President                    
|John A. Adams      |  |     | 50 |  |       | Executive Vice President and Chief Administrative Officer
|John Gomez         |  |     | 40 |  |       | Executive Vice President of Product Development and      
|                   |  |     |    |  |       | Delivery and Chief Technology and Strategy Officer       
|Russ J. Rudish     |  |     | 52 |  |       | Executive Vice President of Sales, Marketing and         
|                   |  |     |    |  |       | Customer Solutions                                       
|Robert J. Colletti |  |     | 46 |  |       | Senior Vice President and Chief Financial Officer        

Eugene V. Fife


John A. Adams


John Gomez


Russ J. Rudish


Robert J. Colletti


3



---



##### 





Directors






Class I Directors


Eugene V. Fife


Braden R. Kelly


Class II Directors


Steven A. Denning


Jay B. Pieper


4



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##### 



Class III Directors


Dan L. Crippen


Edward A. Kangas


Audit Committee


www.eclipsys.com




Section 16(a) Beneficial Ownership Reporting
Compliance




Code of Business Conduct and Ethics


www.eclipsys.com


5



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##### 





|         |                       
|-------- | ----------------------
|Item 11. | Executive Compensation

Summary Compensation




Summary Compensation Table


|                            |                                    |      |      |                     |        |   |            |                        |  |            |         |         |           |            |           |           |                 |  |         |         |  |   |         |         |     
|--------------------------- | ---------------------------------- | ---- | ---- | ------------------- | ------ | - | ---------- | ---------------------- |  | ---------- | ------- | ------- | --------- | ---------- | --------- | --------- | --------------- |  | ------- | ------- |  | - | ------- | ------- | ----
|                            |                                    |      |      |                     |        |   |            | Long-Term Compensation |  |            |        
|                            |                                    |      |      |                     |        |   |            |                        |  |            |        
|                            |                                    |      |      |                     |        |   |            | Awards                 |  |            |        
|                            |                                    |      |      |                     |        |   |            |                        | 
|                            |                                    |      |      | Annual Compensation |        |   | Restricted |                        |  | Securities |         |         |          
|                            |                                    |      |      |                     |        |   | Stock      |                        |  | Underlying |         |         | All Other |           
|Name and Principal Position |                                    | Year |      |                     | Salary |   |            | Bonus                  |  |            | Awards  |         |           | Options(1) |           |           | Compensation(2) | 
|                            |                                    |      |      |                     |        |   |            |                        |  |            |         |         |           |            |           |           |                 | 
|Paul L. Ruflin              |                                    |      | 2004 |                     |        | $ | 778,846    | (3)                    |  |            |        |         |           |            |          |           |                 |  |        |         |  | $ | 251,712 | (4)    
|                            | Former Chief Executive Officer and |      |      | 2003                |        |   |            | 750,000                |  |            |         |        |           |            |           |          |                 |  |         |        |  |   |         | 3,027   |     
|                            | President                          |      |      | 2002                | (5)    |   |            | 346,154                |  |            | $       | 125,000 |           |            | $         | 1,123,500 | (6)             |  |         | 850,000 |  |   |         | 145     |     
|Russ J. Rudish              |                                    |      | 2004 |                     |        |   | 467,308    |                        |  |            | 100,000 |         |           |            |          |           |                 |  | 90,000  |         |  |   | 430     |        
|                            | Executive Vice President           |      |      | 2003                | (7)    |   |            | 31,154                 |  |            |         |        |           |            |           |          |                 |  |         | 200,000 |  |   |         | 32      |     
|                            | of Solutions, Sales and Marketing  |      |      |                     |        |   |            |                        |  |            |         |         |           |            |           |           |                 |  |         |         |  |   |         |         |     
|John Gomez                  |                                    |      | 2004 |                     |        |   | 363,462    |                        |  |            |        |         |           |            | 1,831,600 | (8)       |                 |  | 260,000 |         |  |   | 735     |        
|                            | Executive Vice President, Chief    |      |      | 2003                | (9)    |   |            | 85,577                 |  |            |         | 50,000  |           |            |           |          |                 |  |         | 80,000  |  |   |         | 56      |     
|                            | Technology and Strategy Officer    |      |      |                     |        |   |            |                        |  |            |         |         |           |            |           |           |                 |  |         |         |  |   |         |         |     
|John S. Cooper              |                                    |      | 2004 |                     |        |   | 363,459    |                        |  |            |        |         |           |            | 151,600   | (10)      |                 |  |        |         |  |   | 1,562   |        
|                            | Executive Vice President of Sales  |      |      | 2003                |        |   |            | 347,691                |  |            |         | 75,000  |           |            |           |          |                 |  |         | 50,000  |  |   |         | 25,489  | (11)
|                            |                                    |      |      | 2002                |        |   |            | 257,019                |  |            |         | 230,000 |           |            |           |          |                 |  |         | 300,000 |  |   |         | 129,348 | (12)
|John Depierro               |                                    |      | 2004 |                     |        |   | 326,538    |                        |  |            |        |         |           |            |          |           |                 |  |        |         |  |   | 3,656   |        
|                            | Executive Vice President           |      |      | 2003                |        |   |            | 295,385                |  |            |         | 25,000  |           |            |           |          |                 |  |         | 10,000  |  |   |         | 4,357   |     
|                            |                                    |      |      | 2002                |        |   |            | 260,000                |  |            |         | 60,000  |           |            |           |          |                 |  |         | 25,000  |  |   |         | 2,611   |     






| |     |                                                                                                                                                                                                                                                                                             
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (1) | Represents the number of shares covered by options to purchase
    shares of Voting Common Stock granted during the applicable year.                                                                                                                                                        
|
| | (2) | Represents Company contributions to group term life insurance
    policies, contributions on the Named Executive Officers
    behalf to our 401(k) Plan in 2002, 2003 and 2004, and, with
    respect to Messrs. Ruflin and Cooper, other expenses as
    described in the footnotes below.
|
| | (3) | Mr. Ruflin separated from Eclipsys on April 29, 2005.                                                                                                                                                                                                                                       



| |     |                                             
| | --- | --------------------------------------------
| | (4) | Includes a relocation allowance of $250,000.



| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (5) | Mr. Ruflin joined Eclipsys as Chief Executive Officer on
    July 15, 2002.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|
| | (6) | Mr. Ruflin received 150,000 shares of restricted
    Voting Common Stock. The value of this award is calculated based
    on the last sale price of the Voting Common Stock as reported on
    the NASDAQ National Market on July 15, 2002, the date of
    the award ($7.50 per share), less the amount paid by
    Mr. Ruflin for the shares ($0.01 per share). The
    restrictions on Mr. Ruflins restricted stock grant
    will lapse over a five-year period from the grant date, with the
    restrictions lapsing as to 30,000 shares on the first
    anniversary of the grant date, and the balance lapsing on a
    monthly basis over the remaining 48-month period. We maintain
    the right to repurchase from Mr. Ruflin the unvested
    portion of his restricted stock if he ceases to be employed by
    Eclipsys prior to July 15, 2007. The value of
    Mr. Ruflins restricted stock holdings on
    December 31, 2004 was $3,063,000. If we pay dividends on
    our Voting Common Stock, Mr. Ruflin will be entitled to
    receive such dividends with respect to his restricted stock,
    whether vested or unvested.
|
| | (7) | Mr. Rudish joined Eclipsys as Executive Vice President of
    Services on November 19, 2003. Mr. Rudish became our
    Executive Vice President of Sales, Marketing and Customer
    Solutions in December 2004.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|
| | (8) | Mr. Gomez received 70,000 shares of restricted Voting
    Common Stock on December 1, 2004. The value of this award
    is calculated based on the last sale price of the Voting Common
    Stock as reported on the NASDAQ National Market on
    December 1, 2004, the date of the award ($19.70 per
    share), less the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

6



---



##### 



| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     | amount paid by Mr. Gomez for the shares ($0.01 per
    share). The restrictions on Mr. Gomez restricted
    stock grant will lapse over a five-year period from the grant
    date, with the restrictions lapsing as to 20,000 shares on
    the first anniversary of the grant date, and the balance lapsing
    on a monthly basis over the remaining 48-month period. We
    maintain the right to repurchase from Mr. Gomez the
    unvested portion of his restricted stock if he ceases to be
    employed by us prior to December 1, 2009. Mr. Gomez
    also received 30,000 shares of restricted Voting Common
    Stock on July 1, 2004. The value of this award is
    calculated based on the last sale price of the Voting Common
    Stock as reported on the NASDAQ National Market on July 1,
    2004, the date of the award ($15.12 per share), less the
    amount paid by Mr. Gomez for the shares ($0.01 per
    share). The restrictions on the restricted stock grant will
    lapse over a five-year period from the grant date, with
    restrictions lapsing as to 6,000 shares on the first
    anniversary of the grant date, and the balance lapsing on a
    monthly basis over the remaining 48-month period. We maintain
    the right to repurchase from Mr. Gomez the unvested portion
    of his restricted stock if he ceases to be employed by us prior
    to July 1, 2009. The value of Mr. Gomez
    restricted stock holdings on December 31, 2004 was
    $2,042,000. If we pay dividends on our Voting Common Stock,
    Mr. Gomez will be entitled to receive such dividends with
    respect to his restricted stock, whether vested or unvested.
|
| | (9) | Mr. Gomez joined Eclipsys as Senior Vice President and
    Chief Technology Officer in August 2003. Mr. Gomez became
    our Executive Vice President Product Development and Delivery,
    and Chief Technology and Strategy Officer in December 2004.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         



|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(10) | Mr. Cooper received 10,000 shares of restricted Voting
    Common Stock on September 16, 2004. The value of this award
    is calculated based on the last sale price of the Voting Common
    Stock as reported on the NASDAQ National Market on
    September 16, 2004, the date of the award ($15.17 per
    share), less the amount paid by Mr. Cooper for the shares
    ($0.01 per share). The restrictions on
    Mr. Coopers restricted stock grant will lapse over a
    five-year period from the grant date, with the restrictions
    lapsing as to 2,000 shares on the first anniversary of the
    grant date, and the balance lapsing on a monthly basis over the
    remaining 48-month period. We maintain the right to repurchase
    from Mr. Cooper the unvested portion of his restricted
    stock if he ceases to be employed by us prior to
    September 16, 2009. The value of Mr. Coopers
    restricted stock holdings on December 31, 2004 was
    $204,200. If we pay dividends on our Voting Common Stock,
    Mr. Cooper will be entitled to receive such dividends with
    respect to his restricted stock, whether vested or unvested.
|    
|(11) | Includes $23,172 in reimbursed relocation expenses in 2003.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|    
|(12) | Includes $129,140 in reimbursed relocation expenses in 2002.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

Stock Option Grants




Option Grants in Last Fiscal Year


|               |  |                   |         |            |                            |  |      |             |                            |                              |            |  |                |    |         |  |     |   |           |  |  |   |           | 
|-------------- |  | ----------------- | ------- | ---------- | -------------------------- |  | ---- | ----------- | -------------------------- | ---------------------------- | ---------- |  | -------------- | -- | ------- |  | --- | - | --------- |  |  | - | --------- | 
|               |  | Individual Grants |         |            |                           
|               |  |                   |         |            | Potential Realizable Value | 
|               |  |                   |         | Percent of |                            |  |      |             | at Assumed Annual Rates of |                             
|               |  | Number of         |         |            | Total Options              |  |      |             |                            | Stock Price Appreciation for |           
|               |  | Securities        |         |            | Granted to                 |  |      | Exercise or |                            |                              |            |  | Option Term(1) |   
|               |  | Underlying        |         |            | Employees in               |  |      | Base Price  |                            |                              | Expiration |  |                |    |        
|Name           |  | Options Granted   |         |            | Fiscal Year                |  |      | Per Share   |                            |                              | Date       |  |                | 5% |         |  | 10% |  
|               |  |                   |         |            |                            |  |      |             |                            |                              |            |  |                |    |         |  |     |  
|Paul L. Ruflin |  |                   |        |            |                            |  |     |             |                            |                              |           |  |                |    |        |  |     |   |          |  |  |   |          | 
|Russ J. Rudish |  |                   | 90,000  | (2)        |                            |  | 5.88 | %           |                            | $                            | 19.70      |  |                |    | 12/1/14 |  |     | $ | 1,115,030 |  |  | $ | 2,825,705 | 
|John Gomez     |  |                   | 120,000 | (3)        |                            |  | 9.15 |             |                            | $                            | 13.35      |  |                |    | 2/4/14  |  |     |   | 1,007,489 |  |  |   | 2,553,175 | 
|               |  |                   | 140,000 | (4)        |                            |  | 7.84 |             |                            | $                            | 19.70      |  |                |    | 12/1/14 |  |     |   | 1,734,491 |  |  |   | 4,395,541 | 
|John S. Cooper |  |                   |        |            |                            |  |     |             |                            |                              |           |  |                |    |        |  |     |   |          |  |  |   |          | 
|John Depierro  |  |                   |        |            |                            |  |     |             |                            |                              |           |  |                |    |        |  |     |   |          |  |  |   |          | 

7



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##### 








| |   |             
| | - | ------------
| | * | Less than 1%



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Amounts reported in these columns represent amounts that may be
    realized upon exercise of the options immediately prior to the
    expiration of their term assuming the specified compound rates
    of appreciation (5% and 10%) on the market value of the Voting
    Common Stock on the date of option grant over the term of the
    options. These numbers are calculated based on rules promulgated
    by the Securities and Exchange Commission and do not reflect our
    estimate of future stock price growth. Actual gains, if any, on
    stock option exercises and Voting Common Stock holdings are
    dependent on the timing of such exercises and the future
    performance of the Voting Common Stock. The rates of
    appreciation in this table are assumptions only and may not be
    achieved, and the amounts reflected may not be received by the
    individuals.
|   
|(2) | This option vests over a five year term, with 20% vesting on the
    first anniversary of the date of grant and the balance vesting
    monthly over the next three years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   
|(3) | This option vests over a five year term, with 20% vesting on the
    first anniversary of the date of grant and the balance vesting
    monthly over the next four years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   
|(4) | This option vests over a five year term, with 20% vesting on the
    first anniversary of the date of grant and the balance vesting
    monthly over the next four years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Option Exercises and Year-End Option Values




Fiscal Year-End Option Values


|               |  |                            |         |  |                       |  |         |             |  |   |               |  |  |   |           | 
|-------------- |  | -------------------------- | ------- |  | --------------------- |  | ------- | ----------- |  | - | ------------- |  |  | - | --------- | 
|               |  | Number of Shares           |         |  | Value of Unexercised  | 
|               |  | Underlying Unexercised     |         |  | In-the-Money Options  | 
|               |  | Options at Fiscal Year End |         |  | at Fiscal Year End(1) | 
|               |  |                            |         |  |                       | 
|Name           |  | Exercisable                |         |  | Unexercisable         |  |         | Exercisable |  |   | Unexercisable | 
|               |  |                            |         |  |                       |  |         |             |  |   |               | 
|Paul L. Ruflin |  |                            | 410,803 |  |                       |  | 439,197 |             |  | $ | 5,311,682     |  |  | $ | 5,678,817 | 
|Russ J. Rudish |  |                            | 90,625  |  |                       |  | 199,375 |             |  |   | 1,024,063     |  |  |   | 1,301,638 | 
|John Gomez     |  |                            | 19,667  |  |                       |  | 320,333 |             |  |   | 156,296       |  |  |   | 1,434,604 | 
|John S. Cooper |  |                            | 213,331 |  |                       |  | 136,669 |             |  |   | 1,712,800     |  |  |   | 1,420,700 | 
|John Depierro  |  |                            | 126,739 |  |                       |  | 9,999   |             |  |   | 1,472,250     |  |  |   | 129,098   | 






|    |                                                                                                                                                                                                                                                     
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | The last sale price of the Voting Common Stock as reported on
    the NASDAQ National Market on December 31, 2004 was $20.43.
    The values shown in this chart are based upon the difference
    between that price and the option exercise price.

Director Compensation




8



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##### 



Employment Contracts












9



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##### 







Compensation Committee Interlocks and Insider
Participation




10



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##### 





|         |                                                                                                   
|-------- | --------------------------------------------------------------------------------------------------
|Item 12. | Security Ownership of Certain Beneficial Owners and
    Management and Related Stockholder Matters

Equity Compensation Plans




|                                                              |  |                             |           |  |                           |   |       |                                |  |  |         | 
|------------------------------------------------------------- |  | --------------------------- | --------- |  | ------------------------- | - | ----- | ------------------------------ |  |  | ------- | 
|                                                              |  | Number of Securities issued |           |  | Weighted Average exercise |   |       | Number of securities           | 
|                                                              |  | upon exercise of            |           |  | price of outstanding      |   |       | remaining available for future | 
|                                                              |  | outstanding options,        |           |  | options, warrants and     |   |       | issuance under equity          | 
|                                                              |  | warrants and rights         |           |  | rights                    |   |       | compensation plans             | 
|                                                              |  |                             |           |  |                           |   |       |                                | 
|Equity compensation plans approved by security holders(1)     |  |                             | 8,581,076 |  |                           | $ | 10.82 |                                |  |  | 479,968 | 
|Equity compensation plans not approved by security holders(2) |  |                             | 400,000   |  |                           | $ | 19.96 |                                |  |  |        | 
|                                                              |  |                             |           |  |                           |   |       |                                | 
|Total                                                         |  |                             | 8,981,076 |  |                           |   | 11.23 |                                |  |  | 479,968 | 






|    |                                                                                                                                                                                                                                            
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | This table excludes an aggregate of 157,376 shares issuable upon
    the exercise of outstanding options assumed by Eclipsys in
    connection with various acquisitions. The weighted average price
    of the excluded options is $27.13.
|   
|(2) | This represents on option that was granted in 2004 without
    stockholder approval as an inducement grant related to the
    hiring of Mr. Adams as our chief administrative officer and
    executive vice president.                    





Beneficial Ownership of Voting Common Stock




11



---



##### 







|                                                                 |                                          |                       |            |  |            |  |       |   | 
|---------------------------------------------------------------- | ---------------------------------------- | --------------------- | ---------- |  | ---------- |  | ----- | - | 
|                                                                 |                                          | Number of Shares      |            |  | Percentage | 
|Name and Address of Beneficial Owner                             |                                          | Beneficially Owned(1) |            |  | Owned(%)   | 
|                                                                 |                                          |                       |            |  |            | 
|Investment entities affiliated with General Atlantic LLC(2)      |                                          |                       | 7,744,556  |  |            |  | 16.34 | %
|                                                                 | c/o General Atlantic Service Corporation |                       |            |  |            |  |       |   | 
|                                                                 | 3 Pickwick Plaza                         |                       |            |  |            |  |       |   | 
|                                                                 | Greenwich, CT 06830                      |                       |            |  |            |  |       |   | 
|Thornburg Investment Management, Inc.(3)                         |                                          |                       | 3,462,667  |  |            |  | 7.31  |  
|                                                                 | 119 East Marcy Street                    |                       |            |  |            |  |       |   | 
|                                                                 | Santa Fe, NM 87501                       |                       |            |  |            |  |       |   | 
|Kern Capital Management LLC(4)                                   |                                          |                       | 3,053,700  |  |            |  | 6.44  |  
|                                                                 | 114 West 47th Street                     |                       |            |  |            |  |       |   | 
|                                                                 | New York, NY 10036-1510                  |                       |            |  |            |  |       |   | 
|TCW Asset Management(5)                                          |                                          |                       | 2,597,732  |  |            |  | 5.48  |  
|                                                                 | 865 South Figueroa Street                |                       |            |  |            |  |       |   | 
|                                                                 | Los Angeles, California 90017            |                       |            |  |            |  |       |   | 
|John S. Cooper(6)                                                |                                          |                       | 257,499    |  |            |  | *     |  
|Dan L. Crippen(7)                                                |                                          |                       | 16,667     |  |            |  | *     |  
|Steven A. Denning(8)                                             |                                          |                       | 7,778,889  |  |            |  | 16.40 |  
|John Depierro(9)                                                 |                                          |                       | 137,294    |  |            |  | *     |  
|Eugene V. Fife(10)                                               |                                          |                       | 171,482    |  |            |  | *     |  
|John Gomez(11)                                                   |                                          |                       | 152,043    |  |            |  | *     |  
|Edward A. Kangas(12)                                             |                                          |                       | 26,667     |  |            |  | *     |  
|Braden R. Kelly(13)                                              |                                          |                       | 7,779,973  |  |            |  | 16.40 |  
|Jay B. Pieper(14)                                                |                                          |                       | 884,290    |  |            |  | 1.86  |  
|Russ J. Rudish(15)                                               |                                          |                       | 209,375    |  |            |  | *     |  
|Paul L. Ruflin(16)                                               |                                          |                       | 649,008    |  |            |  | 1.36  |  
|All executive officers and directors as a group (14 Persons)(17) |                                          |                       | 10,747,071 |  |            |  | 21.94 |  






| |   |              
| | - | -------------
| | * | Less than 1%.



| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | (1) | The number of shares beneficially owned by each stockholder is
    determined under rules promulgated by the Securities and
    Exchange Commission, and the information is not necessarily
    indicative of beneficial ownership for any other purpose. Under
    such rules, beneficial ownership includes any shares as to which
    the individual or entity has sole or shared voting power or
    investment power and any shares as to which the individual or
    entity has the right to acquire beneficial ownership within
    60 days after April 25, 2005 through the exercise of
    any stock option, warrant or other right. The inclusion herein
    of such shares, however, does not constitute an admission that
    the named stockholder is a direct or indirect beneficial owner
    of such shares.
|
| | (2) | Consists of 788,687 shares owned by General Atlantic
    Partners 74, L.P. (GAP 74), 403,883 shares
    owned by General Atlantic Partners 48, L.P. (GAP
    48), 504,674 shares owned by General Atlantic
    Partners 47, L.P. (GAP 47), 3,708,594 shares
    owned by General Atlantic Partners 38, L.P. (GAP
    38), 1,052,661 shares owned by General Atlantic
    Partners 28, L.P. (GAP 28), 60,000 shares
    owned by GapStar, LLC (GapStar),
    1,114,744 shares owned by GAP Coinvestment Partners, L.P.
    (GAPCO), 109,854 shares owned by GAP
    Coinvestment Partners II, L.P. (GAPCO II)
    and 1,459 shares owned by GAPCO GmbH & Co. KG
    (KG). GAPCO Management GmbH (Manage-                                                                                                  

12



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##### 



| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     | ment GmbH) is the general partner of KG. Steven A. Denning
    is the Chairman and a Managing Director, and Braden R. Kelly is
    a Managing Director, of General Atlantic LLC (GA
    LLC), and each of Mr. Denning and Mr. Kelly is a
    general partner of each of GAPCO and GAPCO II. GA LLC is
    the general partner of GAP 28, GAP 38, GAP 47, GAP 48 and
    GAP 74. GA LLC is also the sole member of GapStar. The general
    partners of GAPCO and GAPCO II are Managing Directors of GA
    LLC. The Managing Directors of GA LLC are authorized to and
    empowered to vote and dispose of the securities owned by KG.
    GAP 28, GAP 38, GAP 47, GAP 48, GAP 74 and GapStar, GA LLC,
    GAPCO, GAPCO II, KG and Management GmbH are a
    group within the meaning of Rule 13d-5 of the
    Securities Exchange Act of 1934, as amended. Each of
    Mr. Denning and Mr. Kelly disclaims a beneficial
    ownership of all of such shares of Voting Common Stock.
|
| | (3) | This information was derived from the Schedule 13G filed by
    Thornburg Investment Management, Inc. with the Securities and
    Exchange Commission on February 15, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|
| | (4) | This information was derived from the Schedule 13G/ A filed
    by Kern Capital Management LLC with the Securities and Exchange
    Commission on February 14, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|
| | (5) | This information was derived from the Schedule 13G filed by
    TCW Group, Inc. with the Securities and Exchange Commission on
    February 14, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|
| | (6) | Consists entirely of shares issuable upon the exercise of stock
    options that are exercisable within 60 days of
    April 25, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|
| | (7) | Consists entirely of shares issuable upon the exercise of stock
    options that are exercisable within 60 days of
    April 25, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|
| | (8) | Consists of 34,333 shares issuable upon the exercise of
    stock options that are exercisable within 60 days of
    April 25, 2005, and 7,744,556 shares of Voting Common
    Stock described in footnote (2) above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|
| | (9) | Consists entirely of shares that are issuable upon the exercise
    of stock options that are exercisable within 60 days of
    April 25, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           



|     |                                                                                                                                                                                                                                                                                                                                                                                                                                             
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(10) | Includes 103,082 shares issuable upon the exercise of stock
    options that are exercisable within 60 days of
    April 25, 2005, 65,000 shares held by a revocable
    trust of which Mr. Fife is the settlor and trustee,
    1,700 shares owned by Mr. Fifes son and
    1,700 shares owned by Mr. Fifes daughter.                                                                                                                    
|    
|(11) | Includes 51,667 shares issuable upon the exercise of stock
    options that are exercisable within 60 days of
    April 25, 2005.                                                                                                                                                                                                                                                                                                           
|    
|(12) | Consists entirely of shares issuable upon the exercise of stock
    options that are exercisable within 60 days of
    April 25, 2005.                                                                                                                                                                                                                                                                                                      
|    
|(13) | Consists of 35,417 shares issuable upon the exercise of
    stock options that are exercisable within 60 days of
    April 25, 2005, and 7,744,556 shares of Voting Common
    Stock described in footnote (2) above.                                                                                                                                                                                                                       
|    
|(14) | Consists of 51,000 shares issuable upon the exercise of
    stock options that are exercisable within 60 days of
    April 25, 2005, and 833,290 shares held by Partners
    HealthCare System, Inc. (Partners). Mr. Pieper
    is a Vice President of Partners. Mr. Pieper disclaims
    beneficial ownership of the shares held by Partners and their
    inclusion herein shall not be deemed an admission of beneficial
    ownership.
|    
|(15) | Consists entirely of shares issuable upon the exercise of stock
    options that are exercisable within 60 days of
    April 25, 2005.                                                                                                                                                                                                                                                                                                      
|    
|(16) | Includes 495,803 shares issuable upon the exercise of stock
    options that are exercisable within 60 days of
    April 25, 2005.                                                                                                                                                                                                                                                                                                          
|    
|(17) | Includes the amounts described in footnotes (2) and
    (6) through (16) above, 136,108 shares held by
    other executive officers and 292,332 shares issuable upon
    the exercise of stock options that are exercisable within
    60 days of April 25, 2005 held by other executive
    officers.                                                                                                                                      



|         |                                               
|-------- | ----------------------------------------------
|Item 13. | Certain Relationships and Related Transactions



13



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##### 













14



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##### 





|         |                                       
|-------- | --------------------------------------
|Item 14. | Principal Accountant Fees and Services



| |                           
| | --------------------------
| | Independent Auditors Fees



|                      |            |      |         |         |      |   |         |           | 
|--------------------- | ---------- | ---- | ------- | ------- | ---- | - | ------- | --------- | 
|Fee Category          |            | 2003 |         |         | 2004 |  
|                      |            |      |         |         |      |  
|Audit Fees(1)         |            | $    | 714,870 |         |      | $ | 960,798 |          
|Audit-Related Fees(2) |            |      | 59,825  |         |      |   | 103,300 |          
|Tax Fees(3)           |            |      | 44,717  |         |      |   | 19,690  |          
|All Other Fees(4)     |            |      | 1,400   |         |      |   | 6,500   |          
|                      |            |      |         |         |      |  
|                      | Total Fees |      | $       | 821,012 |      |   | $       | 1,090,288 | 
|                      |            |      |         |         |      |  






|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|(1) | Audit fees consist of fees for the audit of our financial
    statements, the audit of our internal control over financial
    reporting, the review of the interim financial statements
    included in our quarterly reports on Form 10-Q, and other
    professional services provided in connection with statutory and
    regulatory filings or engagements.                                                                                                                                                                                                                                                                          
|   
|(2) | Audit-related fees consist of fees for assurance and related
    services that are reasonably related to the performance of the
    audit and the review of our financial statements and which are
    not reported under Audit Fees. These services relate
    to compliance with Section 404 of the Sarbanes-Oxley Act;
    due diligence related to mergers and acquisitions, accounting
    consultations and audits in connection with acquisitions,
    internal control reviews, attest services that are not required
    by statute or regulation and consultations concerning financial
    accounting and reporting standards.
|   
|(3) | Tax fees consist of fees for tax compliance, tax advice and tax
    planning services. Tax compliance services, which relate to the
    review of the consolidated federal income returns, the review of
    applicable income tax provisions and foreign tax issues,
    accounted for $34,945 of the total tax fees paid in 2003 and
    $18,000 in 2004. Tax advice and tax planning services accounted
    for $9,543 of the total tax fees paid in 2003 and $1,690 in 2004.                                                                                                                                                           
|   
|(4) | All other fees for 2003 consisted entirely of services related
    to renewal of our accounting research software license. All
    other fees for 2004 consisted of $1,500 related to renewal of
    our accounting research software license and $5,000 related to
    regulatory compliance.                                                                                                                                                                                                                                                                                                                                             

Pre-Approval Policy and Procedures








|         |                                           
|-------- | ------------------------------------------
|Item 15. | Exhibits and Financial Statement Schedules



| |                                                            
| | -----------------------------------------------------------
| | (b) The following exhibits are included in this
    report:

|            |   |             |  |                                                                              
|----------- | - | ----------- |  | -----------------------------------------------------------------------------
|Exhibit No. |   | Description
|            |   |            
|            | 3 | .1(2)       |  | Third Amended and Restated Certificate of Incorporation of the
    Registrant

15



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##### 



|            |    |             |  |                                                                                                                                                                           
|----------- | -- | ----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Exhibit No. |    | Description
|            |    |            
|           
|            | 3  | .2(1)       |  | Third Amended and Restated Bylaws of the Registrant                                                                                                                       
|           
|            | 3  | .3(3)       |  | Certificate of Designation of Series A Junior Participating
    Preferred                                                                                                 
|           
|            | 4  | .1(1)       |  | Specimen certificate for shares of Common Stock                                                                                                                           
|           
|            | 4  | .2(3)       |  | Rights Agreement, dated July 26, 2000, by and between
    Eclipsys Corporation and Fleet National Bank, as Rights Agent                                                   
|           
|            | 10 | .1(1)       |  | Second Amended and Restated Registration Rights Agreement                                                                                                                 
|           
|            | 10 | .2(1)       |  | Information Systems Technology License Agreement, dated as of
    May 3, 1996, by and among Partners Healthcare System, Inc.
    and Integrated Healthcare Solutions, Inc.
|           
|            | 10 | .3(1)       |  | 1996 Stock Plan                                                                                                                                                           
|           
|            | 10 | .4(4)       |  | Amended and Restated 1998 Employee Stock Incentive Plan                                                                                                                   
|           
|            | 10 | .5(4)       |  | Second Amended and Restated 1998 Employee Stock Purchase Plan                                                                                                             
|           
|            | 10 | .6(8)       |  | First Amendment to the Second Amended and Restated 1998 Employee
    Stock Purchase Plan                                                                                  
|           
|            | 10 | .7(8)       |  | Form of Indemnification Agreement between Eclipsys Corporation
    and each non-employee directors                                                                        
|           
|            | 10 | .8(5)       |  | Amendment No. 1 to the Amended and Restated 2000 Stock
    Incentive Plan                                                                                                 
|           
|            | 10 | .9(4)       |  | Amended and Restated 1999 Stock Incentive Plan, as amended                                                                                                                
|           
|            | 10 | .10(4)      |  | Amended and Restated 2000 Stock Incentive Plan                                                                                                                            
|           
|            | 10 | .11(9)      |  | Amended and Restated Employment Agreement, effective as of
    March 15, 2005, between the Registrant and Paul L. Ruflin                                                  
|           
|            | 10 | .12(5)      |  | Agreement between the Registrant and Mr. Harvey J. Wilson,
    dated January 24, 2003                                                                                     
|           
|            | 10 | .13(5)      |  | Consulting Agreement between the Registrant and Mr. Harvey
    J. Wilson, dated January 24, 2003                                                                          
|           
|            | 10 | .14(5)      |  | Agreement between the Registrant and Mr. John S. Cooper,
    dated February 2, 2002                                                                                       
|           
|            | 10 | .19(6)      |  | Restricted Stock Agreement between the Registrant and John A.
    Adams, dated December 20, 2004                                                                          
|           
|            | 10 | .20(6)      |  | Non-Qualified Stock Option Agreement between the Registrant and
    John A. Adams, dated December 20, 2004                                                                
|           
|            | 10 | .21(6)      |  | Employment Agreement between the Registrant and John A. Adams,
    dated December 20, 2004                                                                                
|           
|            | 10 | .22(7)      |  | Form of Incentive and/or Non-Qualified Stock Option Agreement
    under the Amended and Restated 2000 Stock Incentive Plan, as
    amended                                
|           
|            | 10 | .23(9)      |  | Template 2005 Bonus Program Individual Summary Sheet for
    Non-Sales Executives                                                                                         
|           
|            | 10 | .24(9)      |  | Template 2005 Bonus Program Individual Summary Sheet for Senior
    Sales Executives                                                                                      
|           
|            | 10 | .25(9)      |  | Employment Agreement, effective as of March 15, 2005, by
    and between the Registrant and John P. Gomez                                                                 
|           
|            | 10 | .26(9)      |  | Employment Agreement, effective as of March 15, 2005, by
    and between the Registrant and Russ Rudish                                                                   
|           
|            | 21 | (10)        |  | Subsidiaries of the Registrant                                                                                                                                            
|           
|            | 23 | *           |  | Consent of PricewaterhouseCoopers LLP                                                                                                                                     
|           
|            | 31 | .1*         |  | Certification of Paul L. Ruflin                                                                                                                                           
|           
|            | 31 | .2*         |  | Certification of Robert J. Colletti                                                                                                                                       
|           
|            | 31 | .3          |  | Certification of Eugene V. Fife                                                                                                                                           
|           
|            | 31 | .4          |  | Certification of Robert J. Colletti                                                                                                                                       
|           
|            | 32 | .1*         |  | Certification Pursuant to 18 U.S.C. 1350                                                                                                                                  
|           
|            | 32 | .2*         |  | Certification Pursuant to 18 U.S.C. 1350                                                                                                                                  






| |     |                                                                                                                      
| | --- | ---------------------------------------------------------------------------------------------------------------------
| | *   | Previously filed                                                                                                     
|
| | (1) | Incorporated by reference to the Registrants Registration
    Statement on Form S-1, as amended (File No. 333-50781)

16



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##### 





| |     |                                                                                                                                              
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------
| | (2) | Incorporated by reference to the Registrants Quarterly
    Report on Form 10-Q for the quarter ended June 30,
    1998 (File No. 000-24539) 
|
| | (3) | Incorporated by reference to the Registrants Current
    Report on Form 8-K dated August 8, 2000 (File
    No. 000-24539)                   
|
| | (4) | Incorporated by reference to the Registrants Quarterly
    Report on Form 10-Q for the quarter ended June 30,
    2002 (File No. 000-24539) 
|
| | (5) | Incorporated by reference to the Registrants Quarterly
    Report on Form 10-Q for the quarter ended March 31,
    2003 (File No. 000-24539)
|
| | (6) | Incorporated by reference to the Registrants Current
    Report on Form 8-K filed on December 23, 2004 (File
    No. 000-24539)             
|
| | (7) | Incorporated by reference to the Registrants Current
    Report on Form 8-K filed on December 1, 2004 (File
    No. 000-24539)              
|
| | (8) | Incorporated by reference to the Registrants Annual Report
    on Form 10-K filed on March 15, 2004 (File
    No. 000-24539)                
|
| | (9) | Incorporated by reference to the Registrants Current
    Report on Form 8-K filed on April 7, 2005 (File
    No. 000-24539)                 



|     |                                                                                                                                         
|---- | ----------------------------------------------------------------------------------------------------------------------------------------
|(10) | Incorporated by reference to Exhibit 21 of the
    Registrants Annual Report on Form 10-K filed
    March 25, 2002 (File No. 000-24539)

17



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##### 



SIGNATURES




|                     |  |                                      |  |                                                        |  |            
|-------------------- |  | ------------------------------------ |  | ------------------------------------------------------ |  | -----------
|                    
|ECLIPSYS CORPORATION |  |                                      |  |                                                       
|                    
|By:                  |  | /s/ Eugene V. FifeEugene
    V. Fife |  | Chief Executive Officer, (Principal Executive Officer) |  | May 2, 2005

18