Russian oligarch Alisher Usmanov extends his tech empire to smart device manufacturer

This story initially appeared in East-West Digital News, an international news resource covering the Russian innovation scene.

Yadro, a major vendor of hardware data storage systems controlled by Alisher Usmanov , has acquired a 51% stake in notAnotherOne

Founded in 2013, notAnotherOne is a full-cycle developer and manufacturer of innovative consumer and business electronics. The company focuses on industrial design, technology research, hardware design and cloud solution integration. 

notAnotherOne claims to have developed and manufactured six mobile apps, four cloud solutions and more than 20 smart devices over the past three years. These devices include smart watches, personal activity trackers, video surveillance systems, smart home and other devices.  

“In the world of rapid digital transformation, smart devices are beginning to play a more significant role, including as an integral part of complex information systems. It is vital for YADRO to be capable of designing and manufacturing all elements of the end-to-end technology chain: from infrastructure products to personal computing devices,” said Yadro CEO Artem Ikoev.

With its headquarters an R&D team in St. Petersburg, notAnotherOne has representative offices in San Francisco and Shenzhen.  

Yadro is a property of IKS Holding. This diversified Russian IT group was acquired last month by USM Telecom, a part of Usmanov’s USM Group.

An Uzbek-Russian metal and mine magnate, Usmanov has invested in a variety of tech companies, including Mail.Ru Group. His net worth has been estimated at more than $10 bln.

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