Executive Summary
Company overview and current status
Xalantis, once a promising software development company in Lisbon's tech ecosystem, ceased operations in April 2024, leaving 6 employees unpaid and multiple projects unfinished. This investigation reveals a pattern of financial mismanagement and corporate abandonment.
Timeline of Events
Key milestones in the company's history
Xalantis, founded in early 2022 by Swiss entrepreneur Marc Griffone, aimed to rebuild key platforms and create innovative software products. Based in Parque das Nações, Lisbon, Portugal, the company operated for two years before abruptly ceasing operations in April 2024 under deeply troubling circumstances.
Marc Griffone is currently under investigation by Portuguese authorities for multiple allegations of corporate misconduct, including wage theft, fraud, and abandonment of corporate responsibilities. Read more about Marc Griffone's history.
Griffone's actions left the dedicated employees of Xalantis stranded, unpaid for their leave, and without the means to sustain their livelihoods. Additionally, the company failed to fulfill its financial obligations, including unpaid rent and outstanding contributions to Portugal's Social Security system.
To this day, Marc Griffone remains unaccountable, evading responsibility for the damage caused by his sudden departure. His actions have cast a long shadow over Xalantis and his previous venture, Open Flavours, leaving a trail of unfulfilled promises and unresolved debts that continues to impact employees, collaborators, and creditors alike.
Key Facts
Company statistics and information
Location
Parque das Nações, Lisbon, Portugal
Status
Ceased operations - Business closure
Industry
Technology / Software Development
Impact Level
High - Multiple stakeholders affected
Dedicated Workforce
Employee impact and consequences
The workforce at Xalantis was exceptionally dedicated, often going above and beyond to advance the company's projects. Many employees regularly worked an additional eight hours beyond their scheduled shifts, motivated by their commitment to delivering high-quality results. Despite their extraordinary efforts, no compensation was provided for these extra hours.
Key Projects
Active projects and their status
Xalantis was engaged in several ambitious projects, including the redevelopment of the Work Control platform and the VIPKIS platform, as well as new ventures such as Scoot With Me and Qeeble. The company was also collaborating on a promising project with Matchbird, which had been progressing at full speed.
Project Impact
When Marc Griffone abruptly abandoned Xalantis in April 2024, he not only left the company and its employees unpaid but also left the collaboration with Matchbird in disarray, with no communication or support for the staff and plans involved.
Financial Impact
Outstanding debts and liabilities
Employee Obligations
€20.000+ in unpaid wages
Vendor Payments
€10.000+ in vendor debt
Tax Liabilities
€5000 in tax liabilities
Lasting Impact
Legal proceedings and current situation
Griffone's actions left the dedicated employees of Xalantis stranded, unpaid for their leave, and without the means to sustain their livelihoods. Additionally, the company failed to fulfill its financial obligations, including unpaid rent and outstanding contributions to Portugal's Social Security system.
Current Status
To this day, Marc Griffone remains unaccountable, evading responsibility for the damage caused by his sudden departure. His actions have cast a long shadow over Xalantis and his previous venture, Open Flavours, leaving a trail of unfulfilled promises and unresolved debts that continues to impact employees, collaborators, and creditors alike.