I mean, that's somewhat my point? They were not pursuing rapid growth. From the post:
We’re also a company that has purposefully operated right around breakeven for years. So, unless you’re a “strategic acquistion” that throws acquistion multiples out the window, a slow-growth software company without lots of profits and a product that’s technically quite complex is ultimately just not going to get a huge multiple.
From the founder himself:
> We've had carryover losses for years, so from a tax perspective, there was no hit on either side.
I realize that tax losses can differ from cash losses, but are you so sure about that?