Though I agree about the solid part, I think MS bought rather than made Xenix.
SCO bought Unixware and some licenses for SysV from Novell. They ended up selling all that to a Linux and DOS vendor named Caldera. SCO ended up changing their name to Tarantella.
Caldera changed their name to The SCO Group and under the leadership of Darl McBride, they became one of the most annoying patent trolls ever.
In any case, they sold it and it was called Microsoft Xenix.