Ya it was bought by kiteworks which provides document management services for corps (which explains why that mention traceable file access in their features a lot).
That being said, they bought them in 2014 it seems and it's been a decade now
Correcting: they were bought very recently, they have been accepting corporate funding for more than a decade however. That's not bad in and of itself.
I mean software that's actively being developed can't be called DOA. Even if it's garbage now (and I don't know if it is) doesn't mean it can't become useful at a future date.
Its not like a TV show where once released it can never be changed.