I managed to get it running on the latest security release of 7.1 with a few days of work (I had to make code changes in the framework I used that weren't supported in PHP 7 anymore). If they want future security upgrades, it's going to require a even more significant rewrite of the software because it relies on old PHP behaviours that have been removed in recent releases.
So, I completely understand why 20 year old systems would still rely on floppy disks.