Are there any conceptual drawbacks to building a web app with C++ and MySQL?

Question

I've inherited a pretty interesting project where there is a good opportunity to take an existing piece of software and turn it into a SaaS web app. As the project is inherited, the code base/ framework is already defined as C++ and MySQL. The app itself is compiled and run as an EXE on Windows Server. The UI is web based and the app works as a kind of server. From what I do know of modern web apps, this is perhaps an unusual choice. These days, most people seem to opt for a PHP framework or Ruby on Rails. Certainly that is the impression I get from reading blogs on the subject. So, I'm very interested to know if a C++ EXE backed by MySQL is a solid foundation for a web app, or whether we should be looking to build in another way?