Variston, a Barcelona-based spyware vendor, is now in liquidation as confirmed by a legal notice from February 10. This development follows significant staffing cuts and a decline in operations that began after a 2022 report by Google revealed the company's previously secret existence. Founded in 2018 by Ralf Wegener and Ramanan Jayaraman, Variston operated under stringent secrecy, with employees reportedly banned from disclosing their affiliation. Industry sources suggest that the exposure brought by Google might have precipitated the company's downfall, which has now culminated in its winding down.
Variston's liquidation, confirmed by a legal notice, marks the end of a covert operation in the spyware industry, following exposure and significant staffing reductions.
Former employees indicated that the company's downfall began after Google revealed its existence, forcing Variston into a prolonged state of shutdown.
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