Cake PHP 2 updates till?

Hi! I have no idea about cake PHP. But I work 4 a social enterprise and 4 our work we use a database.

In 2012 we had a guy who made us a nice database using cake PHP 2. Now we have a new database guy who tells us that we need to remake all the database because cake php 2 will not get new updates in about 2 or 3 years. Is that correct? Couldnt we just update to cake PHP 3? I ask because the costs are high!!


CakePHP 2.x will be getting updates until 18 months after the release of 4.0. See for a more in-depth explanation