First Derivatives plc is engaged in the provision of a range of software and consulting services to the investment bank market, the derivatives technology industry, the foreign exchange market and the provision of technology sales services to the information technology (IT) sector. The Company operates in two segments: consulting activities, which include services to capital markets, and software activities, which includes the sale of intellectual property and related services. Its software products are developed on the common Delta technology platform. Its legal services initiative provides resources to banks in areas, such as non-core asset disposal, regulatory compliance and securitization. As of February 29, 2012, it provided services to 91different investment banks, brokers, exchanges and hedge funds. In September 2012, it acquired three London-based businesses, Redshift Horizons Ltd, Cowrie Financial Ltd and Redshift Horizons LLP.