Draft:Alcor


Alcor
Company typePrivate
IndustryInformation Technology, Business Services
FoundedAugust 1, 2017; 8 years ago (August 1, 2017)
Founder
  • Dmytro Ovcharenko (CEO)
HeadquartersKyiv, Ukraine, Palo Alto, California
Services
  • Software R&D Centers
  • IT Recruitment
  • Employer of Record
  • Payroll services
  • Contractor of Record
  • Operational support
Number of employees
51-200 (2025)
Websitealcor-bpo.com

Alcor is a company that helps tech product businesses set up and run their own software R&D centers in Eastern Europe and Latin America. It offers end-to-end services, including tech recruitment, Employer of Record (EOR), and operational support. Alcor was founded by Dmytro Ovcharenko in 2017 and has headquarters in Kyiv, Ukraine, and Palo Alto, CA, USA.

History

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Alcor was founded on 1 August 2017 by Dmytro Ovcharenko, with its first office established in Kyiv, Ukraine. Shortly after its founding, the company began engaging with clients, such as People.ai, Grammarly, BIScience, Ledger, Dotmatics, and more.

In April 2018, Alcor became a partner of the IT Dnipro Community and subsequently opened an office in Dnipro. Three months later, in July 2018, a new office was launched in Odesa, followed by Lviv when they joined the Lviv IT Cluster.[1].

By January 2019, the company had become an advocate for a proposed bill aimed at strengthening the security of tech companies in Ukraine. In July of the same year, Alcor assumed the role of General Partner for Information Technology Law: KMA & Ukraine, a leading educational program for IT lawyers [2]. In October 2019, Alcor joined the American Chamber of Commerce in Ukraine.

Alcor expanded its operations to Eastern Europe in April 2022, establishing offices in Poland, Romania, and Bulgaria. By 2023, it had entered the Latin American market, with operations in Mexico, Colombia, Argentina, and Chile[3].

In June 2025, the company introduced Alcor OS[4], an all-in-one global staffing platform. The software was developed to simplify international hiring by providing tools for payroll automation, compliance monitoring, onboarding, and financial reporting, with the goal of improving transparency and efficiency in managing distributed teams.

As of 2025, Alcor has successfully built software R&D centers for over 30 clients[5].

Awards and recognition

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Year Awards
2019 TOP 3 Recruiting Firms on Clutch[6]
2019 TOP 3 Legal Outsourcing Companies on Clutch
2020 TOP IT & Business Services на Clutch
2020 #1 HR Services Provider on Superbcompanies[7]
2020 #4 in HR Outsourcing and #3 in Recruiting on Clutch
2021 TOP Leading Legal services companies for IT according to Ukrainian Law Firms 2021
2021 Leader in HR, Financial and Outsource Accounting Services on Clutch
2021 TOP 50 Legal Firms in Ukraine on the Legal Magazine
2022 The Legal 500 EMA 2022 as a powerful player in commercial, corporate law, and M&A and tax law[8]
2022 One of the TOP 1000 global companies in 2022 on Clutch
2023 The Legal 500 EMEA 2023 as a leader in commercial, corporate law, and M&A and tax law
2023 Alcor is named a Clutch Global and Clutch Champion winner
2024 Alcor is a leader in commercial, corporate law, and M&A and tax law in the Legal 500 EMEA 2024
2024 Alcor is recognized as a Clutch Global Award winner for Fall 2024

Alcor’s values

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Alcor’s corporate culture is built around five key principles[9]:

  • Focus;
  • Humor;
  • WOW-effect;
  • Self-development;
  • Openness.

References

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  1. ^ "Компанія Alcor приєдналася до Львівського ІТ Кластера" (in Ukrainian). 2022-03-31. Retrieved 2025-09-23.
  2. ^ "Чудова можливість для юристів від НаУКМА та IT Ukraine Association". ЮРЛІГА. Retrieved 2025-09-23.
  3. ^ Ukraine, I. T. (2023-11-15). "Alcor Expands Horizons into Latin America". IT Ukraine Association. Retrieved 2025-09-23.
  4. ^ Alcor - Your Software R&D Accelerator (2025-08-14). Alcor OS: Your All-in-One Platform for Nearshore R&D Center. Retrieved 2025-09-23 – via YouTube.
  5. ^ Кабачинський, Ілля (2025-08-15). "Beyond Outsourcing: Alcor's Turnkey R&D Centers Are Winning Over US and EU Tech Firms". Scroll Media. Retrieved 2025-09-23.
  6. ^ "Clutch - The Leading Marketplace for Finding Business Services". clutch.co. Retrieved 2025-09-23.
  7. ^ "Truthful IT Companies Ratings. Top IT Companies | SuperbCompanies". superbcompanies.com. Retrieved 2025-09-23.
  8. ^ "L500 | Ukraine | Law firm and lawyer rankings from Legal 500 guide". www.legal500.com. Retrieved 2025-09-23.
  9. ^ "Навіщо потрібні цінності компанії? Досвід Alcor" (in Ukrainian). 2019-12-05. Retrieved 2025-09-23.
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