Saints & Masters, a business technology consultancy, has enhanced its multi-cloud offerings by acquiring Xencia Technology, a Bengaluru-based Microsoft solutions partner. The strategic deal follows an earlier acquisition of AWS partner Nubinix Technologies, positioning the combined entity with a valuation of Rs 300 crore and a stronger presence in the Indian and global cloud markets.
- Mix of equity, debt, and share swap finalized June 26
- Combined valuation reaches Rs 300 crore post-transaction
- Plans to grow in Bengaluru, Kochi, Chennai, plus UK, Australia, Serbia
What happened
Saints & Masters (S&M), a technology advisory and execution firm established in 2021, has acquired Xencia Technology, a Bengaluru-based expert in Microsoft cloud solutions. The acquisition was structured with 50% cash payment—through a combination of equity and debt—and 50% share swap with shares allotted to Xencia's promoters. The deal was finalized on June 26, following S&M's previous acquisition of AWS partner Nubinix Technologies earlier this year.
With this acquisition, the newly combined entity is valued at Rs 300 crore post-money. Xencia Technology, founded in 2010, brings deep expertise in Microsoft cloud, holding eight advanced specializations and industry certifications such as ISO 27001 and SOC 2 Type 2. The company serves over 500 cloud customers and has completed significant data centre migrations, further strengthening S&M's multi-cloud capabilities.
Why it matters
The acquisition strategically positions Saints & Masters as a multi-cloud leader in India and abroad, integrating Microsoft and AWS expertise under one umbrella. Enterprises increasingly adopt hybrid cloud environments, often leveraging both Microsoft and AWS platforms, which together constitute about half of the global cloud ecosystem. By acquiring partners with deep specialization in each platform, S&M aims to deliver comprehensive cloud management, AI, data, and cybersecurity solutions.
Moreover, the deal supports S&M's ambition to scale its Microsoft Cloud business to Rs 1,000 crore revenue in the coming years. The combined technological prowess enables better support for enterprises across various sectors such as banking, ecommerce, financial services, and manufacturing, which have varying cloud adoption rates and requirements.
What to watch next
Saints & Masters plans to expand its geographic footprint by deploying new teams in Bengaluru, Kochi, and Chennai while aggressively targeting overseas markets including the UK, Australia, and Serbia. Monitoring how effectively the merged teams capitalize on cross-platform cloud solutions and drive revenue growth will be critical in assessing the long-term impact of the acquisitions.
Additionally, attention should be paid to S&M's execution of AI and cloud modernization services enabled by Xencia's Microsoft Azure expertise. The firm’s ability to meet increasing demand for cloud-based digital transformations and AI deployments will likely influence its position in competitive technology consultancy landscapes both within India and globally.