Been through this on a tiny scale. I won’t mention the company but basically I believe it was acquired as a short term cash cow to finance the mother company th

Been through this on a tiny scale. I won’t mention the company but basically I believe it was acquired as a short term cash cow to finance the mother company that needed cash, with the acquisition being financed by going public. In the short term they could raise prices and fire developers and keep the MRR coming in to feed the main business. This was a while ago when competitors were knocking out impressive web based solutions and they still had a desktop app (this is in an area where a web based solution made a lot of sense)