WebGain was a jointly funded venture between Warburg Pincus

Warburg Pincus

Warburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil and Asia. It has been a private equity investor since 1966...

 and BEA Systems

BEA Systems

BEA Systems, Inc. specialized in enterprise infrastructure software products known as "middleware", which connect software applications to databases and was acquired by Oracle Corporation on April 29, 2008.- History :...

. The objective of the company was to acquire existing Java EE /Java programming language

Java (programming language)

Java is a programming language originally developed by James Gosling at Sun Microsystems and released in 1995 as a core component of Sun Microsystems' Java platform. The language derives much of its syntax from C and C++ but has a simpler object model and fewer low-level facilities...

 development tools and roll them together into a single application development environment: WebGain studio. A number of challenges, including the dot-com crash, hastened the demise of WebGain, which closed its doors in 2002.