The company Alcor, specializing in building R&D centers for IT businesses, is entering the Latin American market. Alcor has started operations in Mexico, Colombia, Argentina, Chile, and plans to expand further in this region, dev reports.

"Our dynamic development in the markets of Central and Eastern Europe allows us to explore new horizons. We see great potential in Latin America—it's a unique opportunity for IT companies from the USA and Western Europe to develop their products. We already have signed contracts and are in negotiations with some companies," says Alcor CEO Dmitry Ovcharenko.

The shortage of talented IT professionals and rising salaries are the most common challenges faced by every other product company. Therefore, by providing access to over 1 million qualified programmers in Latin America, Alcor offers the opportunity for international technology businesses not only to quickly hire developers with the necessary skills but also to save on costs from 40% to 70%.

"Our R&D solution is precisely for those companies that find points of growth during any turbulent events in the world. Access to the significant potential of the Latin American market is a unique opportunity for IT companies from the USA and Western Europe to develop their products. We already have signed contracts and are in negotiations with some unique companies that prefer to develop their product while maintaining leadership in technological races," adds Dmitry Ovcharenko.

Alcor forms teams of Senior, Lead, and C-level developers for American and Western European IT businesses. In addition to hiring experts, the company also takes on operational support—the client receives their own team of developers working under their brand.