It's happened before
My daughter used to work for a company that did a similar thing. It was a successful company, largely due to the drive of it's directors and workers. Then it got sold to someone who bought it for his son to play with. The son's first action was to move the company, lock, stock and barrel, to somewhere near his home, so that he didn't need to travel far. Staff morale hit rock bottom, and relocation expenses were pretty minimal, so most of the staff left. Needless to say, getting new staff, to match the quality of the old, in the face of the treatment of the old staff proved difficult and that coupled with the total ineptitude of the new boss drove the company into oblivion in less than a year
I used to buy from Expansys, in the early days, when they were cheap and eager, and provided a good service, but as has been said the prices haver gone up and the service has gone the other way. Is anyone running a book on how long they last before the final collapse?