Compax Software Development Gmbh agreed to acquire BSS/OSS Segment of cyan AG (XTRA:CYR) on December 19, 2023. The sale will provide cyan with funds in the mid-single-digit million range, which an additional upside over the next four years by means of an earn-out. The proceeds will be invested primarily in product development.

The transaction is expected to close on December 31, 2023.