What Alcor does

Alcor is a private tech recruitment and Employer of Record (EOR) company that builds and operates dedicated engineering teams for VC-backed and enterprise technology clients across Eastern Europe and Latin America. Founded as Alcor LLC with operations headquartered in Kyiv, Ukraine, the company operates from local entities in eight delivery countries (Ukraine, Poland, Romania, Bulgaria, Mexico, Colombia, Argentina, Chile) and maintains sales offices in the United States and United Kingdom. Alcor positions itself not as a traditional outsourcing vendor but as a builder of true internal engineering extensions, with full IP ownership transferring to the client from day one, and claims the ability to scale teams of 0 to 30 senior engineers within 90 days at 30-50% cost savings versus US-based hiring.

The company delivers three integrated core services. The Software R&D Center service provisions and manages dedicated engineering teams that are fully integrated into the client's product organization. The Employer of Record service provides legal employment infrastructure, contracts, payroll, benefits administration, and IP protection across all eight delivery countries, with a stated 10-business-day onboarding capability. The IT Recruitment service targets hard-to-fill AI/ML and senior engineering roles, supported by a stated 98.6% probation success rate and 2.5+ year average tenure. These services are unified through AlcorOS, an internal operating platform that provides team planning tools, salary intelligence across regions, and full cost transparency. The talent pool comprises approximately 2.9 million engineers across the eight delivery markets, with Mexico (974,500) and Poland (778,800) representing the largest pools.

Alcor's business model combines managed-services monthly fees per engineer (with country-blended rates ranging from approximately $3,245/month in Argentina to $5,000/month in Poland), recurring per-employee EOR subscription fees, and professional-services placement or retained-search fees for specialized recruitment. Go-to-market is primarily direct enterprise field sales targeting post-Series A-C startups, supported by inside sales via regional phone numbers and an extensive content-marketing engine producing country-specific salary guides, nearshore comparisons, and gated lead magnets. The customer base includes named logos in cybersecurity (Pindrop, Sift), cryptocurrency (Ledger), B2B SaaS (People.ai, Franki), video analytics (Tubular Labs), and e-commerce (BigCommerce). Leadership comprises founder/CEO Dmitriy Ovcharenko; no external institutional investors, funding rounds, acquisitions, or ownership transactions are disclosed.

Name

Alcor

Legal name

Alcor LLC

Website

https://alcor-bpo.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Alcor is a private tech recruitment and Employer of Record firm that builds dedicated senior engineering teams across Eastern Europe and Latin America for VC-backed and enterprise clients, delivering 30-50% cost savings versus US hiring through integrated R&D, EOR, and recruitment services.

Ownership category

akta.pro rank

Product category

Tech Staffing Services

NAICS

Engineering Services (541330)

SIC

Services-Management Consulting Services (8742), Services-Engineering Services (8711)

akta.pro primary industry

Offshore Development Center (ODC) / Dedicated Team Services (BPAEAMAL)

Keywords

• Tech recruitment services
• Employer of record
• Engineering team building
• Software R&D services
• Offshore development centers

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Software R&D Center Services: Alcor builds and operates dedicated engineering teams as internal team extensions for clients. Revenue generated through monthly service fees based on team size, seniority levels, and location. Teams are fully integrated as client's internal team with full IP ownership.
2. Employer of Record (EOR): Legal and payroll services for companies hiring talent in LATAM and Eastern Europe. Revenue model based on per-employee monthly fees covering compliance, contracts, payroll processing, and benefits administration.
3. IT Recruitment Services: Recruitment services for hard-to-fill AI/ML roles and senior engineering positions. Revenue generated through placement fees or retained search arrangements, with 98.6% probation success rate guarantee.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Alcor builds and operates dedicated engineering teams in Eastern Europe and Latin America as true internal team extensions for clients, with full IP ownership. It also provides Employer of Record (EOR) services for compliant international hiring across 8 countries, and specialized IT recruitment for hard-to-fill AI/ML and senior engineering roles. The offering is supported by AlcorOS, an internal platform providing team planning, salary intelligence, and cost transparency.

Product overview

Alcor is a tech recruitment and Employer of Record (EOR) platform that offers three integrated core services: Software R&D Center (for building dedicated development teams), Employer of Record (for compliant international employment), and IT Recruitment (for specialized tech hiring). These services are unified under the AlcorOS platform feature, which provides team planning, salary intelligence, and cost transparency tools. The company operates across 8 countries including Mexico, Argentina, Colombia, Chile, Poland, Romania, Ukraine, and Bulgaria, enabling VC-backed companies to scale global engineering teams with 30-50% cost savings compared to US-based hiring.

Differentiator

Problem solved

Functional benefit

Products and services

• Software R&D Center

Quantifiable outcome

• 30-50% cost savings compared to US-based hiring
• +5 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor and core.

• BigCommerceminorOthersBigCommerce logo displayed on Alcor website as a client or ecosystem member, suggesting Alcor may have provided engineering services for BigCommerce merchants or integration partners.
• People.aicoreOthersPeople.ai is a featured case study client - Alcor hired 25+ developers with rare skills in 2-6 weeks per role in Eastern Europe & LATAM. Testimonial provided by Oleg Rogynskyy, People.ai.

Scale indicators14 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• EPAM Systems: EPAM is a large IT services and digital engineering provider with deep Eastern European roots and strong nearshore delivery. It competes with Alcor for enterprise engineering team engagements but operates at a much larger scale across many verticals and geographies.
• Upwork: Upwork is the largest open marketplace for freelance tech talent. While its model is marketplace-based rather than dedicated-team, it competes with Alcor for clients seeking senior engineering capacity on flexible terms.
• Deel: Deel is a leading global EOR and contractor management platform that handles payroll, compliance, and onboarding across 150+ countries. It overlaps with Alcor's EOR service layer and competes for the same international hiring customer, though Deel does not source or manage engineering teams itself.
• Cognizant Softvision: Cognizant's Softvision brand delivers dedicated software engineering teams with strong Eastern European and LATAM delivery centers. It is a broad incumbent competing with Alcor for enterprise dedicated-team engagements at greater scale and brand recognition.
• Remote: Remote is a global EOR and HR platform enabling companies to hire internationally without local entities. It directly competes with Alcor's EOR offering and has expanded into broader HR services, positioning it as a broader incumbent versus Alcor's tech-focused positioning.
• Globant: Globant is a global digital transformation and IT services firm with LATAM-centric delivery. It competes with Alcor in the enterprise nearshore engineering services space but offers a much broader digital/AI consulting portfolio.

Direct peers

• Toptal: Toptal operates a global network of pre-vetted senior freelance engineers, designers, and finance talent. It directly competes with Alcor in the dedicated-team / staff-augmentation segment for senior tech talent, serving VC-backed and enterprise clients with similar cost-arbitrage messaging.
• BairesDev: BairesDev provides nearshore dedicated software engineering teams primarily from Latin America. It is a direct competitor to Alcor's LATAM delivery offering (Mexico, Argentina, Colombia, Chile) with similar enterprise client base and value proposition around cost and quality.
• Andela: Andela builds dedicated engineering teams from emerging markets (Africa, LATAM, Eastern Europe), with an AI-focused talent marketplace. Alcor and Andela overlap on dedicated-team delivery, senior-only positioning, and target customers (Series A-C scaling companies).
• Turing: Turing matches companies with pre-vetted remote software engineers globally via an AI-driven platform. It competes with Alcor on senior engineering talent sourcing and AI/ML specialization, particularly for US-based VC-backed clients.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/Alcor_BPO

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alcor