A while back you noted that Devimon's plans were implicitly opposed to Etemon, as Devimon sought to Conquer what Etemon already ruled. And it occurs to me that all of the major villain's goals contradict each other. Myotismon and the Dark Masters also implicitly want to take Etemon's Kingdom away from him.
Vamdemon was probably in league with the Dark Masters. The presence of the gateway and pedestal in Homeostasis's lab implies that to be what would become Vamdemon's castle. Like, the Dark Masters took over the place and killed everyone, and then Vamdemon moved in and started ravenously reading up on all the Chosen Children documents left scattered around the place.
The Digimon Adventure novelization states that Devimon, Etemon and Vamdemon were all working under Dark Masters, even having a scene where Etemon talks to Tailmon when she's still working for Vamdemon through a monitor screen.
However, there are a lot of differences between the novel and the anime and in fact, Etemon never comes back as MetalEtemon and fights Pinocchimon in the novels, as Etemon not knowing who Pinocchimon is would contradict that.
However, @analyzingadventure had a pretty interesting theory. Since Nanomon would fit right in among Mugendramon's Metal Empire, and conveniently doesn't have any memories from before Etemon beat him, he could have been originally working for Mugendramon. If I recall the theory is that since Mugendramon doesn't give a shit about his henchmen and has a very survival of the fittest mentality, he could have just showed up after Etemon beat Nanomon and been like "Fine. You work for me now (Or I kill you.)" and Etemon just decided to go along with it for now (most likely planning to betray him when he gets strong enough.)
If we assume Mugendramon was only giving him info on a need to know basis, that could explain Etemon's ignorance of who Pinocchimon was: He didn't even know Mugendramon was working alongside 3 other guys.
However, it is canon in the novels, at least, that the Dark Network Nanomon was working on laid the groundwork for spiral mountain.
On another note, I'm also personally confident that Devimon was working for Piemon in both continuities, given that:
He hid the tags and crests that Piemon was trying to steal.
Piemon's Nightmare Soldiers consists of other demon and devil digimon, having LadyDevimon and a bunch of Evilmon in the anime and also having MarineDevimon and SkullSatamon in the novels.
Him laughing and saying that there are more powerful and evil foes when he was defeated also supports the idea that he was working for someone much stronger.
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