Older versions of timeslips and time matters

How are these programs related? Are they both produced under Sage now? What does the most current version of cloud based product cost? I have an older attorney who is reluctant to upgrade and she has time matters 5.0 and timeslips 2004, can she still run them and share the data on one of the two PC's with windows 7 home premium? I would like to convince her to upgrade to a cloud based solution for this product so her and one secretary can edit information concurrently and online from anywhere or any pc.   thanks, Joe