Rs 300 Crore Valuation: Saints & Masters Acquires Xencia to Bolster Multi-Cloud Play
Technology advisory and execution firm Saints & Masters has just expanded its multi-cloud capabilities by acquiring Bengaluru-based Microsoft solutions partner Xencia Technology. The deal, which combines equity, debt, and a share swap, brings S&M’s post-money valuation to Rs 300 crore.
Xencia Technology specializes in Microsoft Azure services, and its team will now be integrated into S&M’s operations. This acquisition is the latest move by S&M, following its earlier purchase of AWS partner Nubinix Technologies in March.
The combined entity, S&M, has a strong presence in the technology landscape, and its latest acquisition underscores a growing trend of businesses seeking to offer multi-cloud services to their clients. This is partly driven by the increasing adoption of cloud computing and the need for enterprises to have a flexible IT infrastructure.
What this means is that businesses like S&M are well-positioned to capitalize on the growing demand for multi-cloud services. By acquiring Xencia, S&M can now offer a broader range of services, including Microsoft Azure expertise, to its clients. This expanded portfolio should give S&M a competitive edge in the market and potentially attract new clients seeking comprehensive IT solutions.
The acquisition also reflects S&M’s commitment to growth and expansion, as the company looks to strengthen its position in the Indian technology market. With the integration of Xencia’s expertise, S&M is now a more formidable player in the multi-cloud space. As businesses continue to transition to the cloud, S&M’s enhanced capabilities should serve it well.
For Xencia’s employees, the acquisition could also bring new opportunities, as they are now part of a larger organization with a strong presence in the Indian technology landscape. The acquisition’s terms have not been made public, but the deal is expected to have a significant impact on S&M’s operations and growth prospects.
By integrating Xencia’s expertise, S&M is essentially doubling down on its multi-cloud strategy. This move could set the tone for the company’s future growth and expansion plans, as it looks to capitalize on the growing demand for cloud services in India.
