In an effort to streamline the decision-making process for you, we've distilled our findings into clear, actionable insights. Whether you're at the helm of a rapidly evolving startup or steering the course of an established IT behemoth, our rigorous analysis has pinpointed the Top 10 IT Outsourcing Companies in LATAM. 

These firms of Nearshore outsourcing companies, have been meticulously selected for their proven track record in addressing the distinct demands and challenges faced by the North American tech sector. Join us as we navigate through the vibrant scenery of Latin America's tech industry, unveiling the top players that stand ready to supercharge your business with unparalleled expertise and innovation.

Criteria for choosing the best outsourcing company

Choosing the right IT outsourcing firm involves a detailed analysis of various factors. Our methodology offers a comprehensive guide to assess these firms, focusing on their adherence to ethical standards and their operational efficiency.

Our approach is tailored to address these needs, considering the increasing relevance of ethical considerations in the business world today, especially within the United States and Canada.

To determine the most suitable IT outsourcing firm for clients in the United States or Canada, we employed a scoring-based evaluation system that hinges on seven critical criteria. This system allowed us to refine an initial roster of 50 agencies down to the elite top 10, ensuring that our selection is based on the most crucial aspects:

• Focused Expertise in the Area Evaluated
• Compensation Transparency
• Transparent Pricing Structure
• Contractual Flexibility & Transparency
• Regional Time-zone Expertise
• Size, validation and customer reviews
• Transparent Talent Placement Process

Top 10 IT Outsourcing Companies in LATAM in 2024

1. Teilur Talent

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Since its founding three years ago, Teilur Talent has transformed the recruitment industry and established itself as a pioneer in IT outsourcing. With a commitment to transparency and a client-centric approach, Teilur Talent is changing the game in how Developer experts are recruited and retained, focusing on connecting top talent from Latin America with organizations in the US and Canada.

Transparent Pricing, Fees, and Minimum Commitments:

• Offers transparent pricing with an estimated candidate salary starting at $25/hr.
• Features a cost calculator on their website and charges no more than 20% of the candidate's salary.
• No minimum contracts or initial fees required.

Talent Location: Specializes in recruiting candidates from Latin America for companies in the United States and Canada.

Rating on Reviews Platforms: Boasts a 4.8-star rating on Glassdoor and a 4.4 rating on TrustPilot.

Highlight: Teilur Talent's transparent pricing model is a significant disruptor in the traditional recruitment process, allowing companies to hire exceptional talent from Latin America. They offer a clear view of their compensation and retention strategies, marking a paradigm shift in talent acquisition and management within their extensive network of over 10,000 pre-vetted tech professionals.

2. Freelancer

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Founded in 2007, Freelancer is a monumental figure within IT outsourcing companies, evolving from its roots in Australia to become a global behemoth in the freelance marketplace. With a user base exceeding fifty million and proficiency across over 1800 skills, Freelancer has cemented its position as one of the biggest IT outsourcing companies, offering a premium platform for employers and freelancers worldwide to connect and collaborate on a multitude of projects.

Transparent Pricing, Fees, and Minimum Commitments:

• Freelancers on fixed-price projects face a fee of 10% or $5, whichever is higher, while hourly projects incur a 10% fee upon completion.
• Employers are subject to a fee scale of 3% for both hourly and fixed-price projects, with additional costs for enhanced features.
• The platform is known for its premium pricing, justified by its extensive global talent pool and advanced project management features.

Talent Location: Boasts a diverse global talent pool, making it an ideal platform for businesses and seasoned freelancers seeking high-quality work.

Rating on Reviews Platforms: Holds a 4.2 rating on Glassdoor and a 4.5 on Trustpilot, reflecting its reputable standing in the freelance community.

Highlight: Freelancer distinguishes itself with a vast global talent pool and efficient bidding processes, tailored for companies in pursuit of top-tier freelancers. Despite its competitive marketplace and potentially higher costs, Freelancer's comprehensive project management tools, enhanced security measures, and commitment to quality make it a preferred choice for those willing to invest in premium freelance services. Its expansive platform facilitates seamless recruitment, collaboration, and communication across Android, iOS, and desktop, underscoring its adaptability and appeal to a wide range of professional needs.‍

3. UpWork

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Upwork is a global leader in human resources outsourcing companies and payroll outsourcing companies, offering a comprehensive platform where businesses of varying sizes can connect with expert independent talent. In 2022, freelancing became a significant part of the U.S. workforce, with 39% engaging in freelance work, showcasing the platform's pivotal role in the gig economy.

Transparent Pricing, Fees, and Minimum Commitments:

• Upwork simplifies the freelancing process with a flat service fee of 10% for all new contracts, offering tools like payment protection and processing.
• Freelancers can start with a free account, receiving 40 Connects to bid on projects, and set their own rates.
• The platform provides a Fee Calculator to estimate take-home pay after service fees.

Talent Location: Upwork serves as a global marketplace, accommodating freelancers and clients from around the world, with a focus on remote and work-from-home jobs.

Rating on Reviews Platforms: Upwork has a Glassdoor rating of 3.8 and a Trustpilot rating of 2.9, reflecting diverse user experiences.

Highlight: UpWork shines as a seamless interface for linking businesses with freelancers, ideal for those seeking quick project turnarounds. Its competitive nature requires freelancers to distinguish themselves in a global marketplace. Challenges include navigating time zone differences, necessitating adept asynchronous communication. Despite these hurdles, UpWork remains a pivotal platform for freelance opportunities.

4. Flexiple

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Flexiple, established in 2016, distinguishes itself among recruitment process outsourcing companies and IT outsourcing companies by creating a community of freelance developers and designers. It specializes in serving growth-stage startups and tech companies, providing them with access to vetted tech talent. Flexiple stands out by connecting full-time self-employed professionals with scaling startups globally, ensuring freelancers retain full control over their payments without any deductions.

Transparent Pricing, Fees, and Minimum Commitments:

• Offers monthly rates starting at $5,000 for long-term, full-time engagements, with variations based on the freelancer's skills, experience, and location.
• While Flexiple provides minimum estimated salaries, it does not offer a specific pricing range, prioritizing a match between skill sets and project requirements over a fixed pricing structure.

Talent Location: Focuses on a global talent pool, ideal for companies seeking quality technical talent without geographic restrictions.

Rating on Reviews Platforms: Flexiple has earned a 3.5 rating on Glassdoor and a 4.5 on Trustpilot, indicating a positive reception from its community.

Highlight: Flexiple is celebrated for its curated selection of tech professionals and a fast talent referral process, promising talent recommendations within 7 days. This platform is best suited for companies that demand high-quality technical expertise and value a quick turnaround time.

 Despite its global focus, which may not align with companies seeking local hires, Flexiple's commitment to providing on-demand tech talent makes it a compelling choice for businesses in need of flexible, vetted professionals for software development and design projects. However, its lack of transparent pricing and specific bands may pose challenges for companies seeking more pricing flexibility.

5. Revelo

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Revelo, established in 2015, has emerged as a leading figure among nearshore outsourcing companies and payroll outsourcing companies, specializing in the recruitment and management of top-tier remote software developers. This web-based platform excels in connecting corporations and startups with remote software development teams, offering comprehensive services that include sourcing talent, managing payroll, taxes, local compliance, and providing subsidized benefits to developers.

Transparent Pricing, Fees, and Minimum Commitments:

• Revelo's pricing ranges from $50 to $70 per hour, with a non-refundable initiation fee of $500, as per EarlyNode's review. However, their website does not disclose a detailed pricing structure.

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Talent Location: Specializes in building remote software development teams with a focus on Latin American talent, catering to businesses seeking nearshore solutions.

Rating on Reviews Platforms: Revelo boasts a 4.0 rating on Glassdoor and a 3.8 on Trustpilot.

Highlight: Revelo stands out for its innovative approach to nearshore software development, strategically tapping into Latin America's rich talent pool. The platform is designed for businesses aiming to build remote software development teams, offering a seamless process from talent identification to payroll management. Despite its average hiring period of 14 days and the requirement of a non-refundable $500 deposit, Revelo's pre-screened candidates and risk-free trial period underscore its commitment to quality and client satisfaction.

6. CloudDevs

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CloudDevs positions itself prominently among the best IT outsourcing companies, offering a tech talent platform that boasts over 8,000 pre-screened remote senior developers and designers. Specializing in rapid talent acquisition, CloudDevs ensures clients can find and hire time zone-aligned, highly-vetted tech talent specifically tailored to project requirements within 24 hours, making it a standout choice for those seeking efficient and effective IT solutions.

Transparent Pricing, Fees, and Minimum Commitments:

• Offers a transparent hourly rate of $40-80 when hiring Latin American developers through CloudDevs.
• Features a flexible, pay-as-you-go model with a rolling weekly contract and no minimum commitment.
• Provides a 7-day risk-free guarantee, offering replacements or refunds for unsatisfactory talent matches.

Talent Location: Specializes in providing Latin American talents, ensuring clients can hire from their own time zone for seamless collaboration.

Rating on Reviews Platforms: CloudDevs is highly rated, with a 4.3 on Glassdoor and a 4.9 on Trustpilot, underscoring its excellence in service and client satisfaction.

Highlight: CloudDevs is recognized as one of the IT outsourcing companies for its ability to swiftly connect businesses with pre-vetted Latin American tech talent. Unlike traditional LATAM talent agencies that may take up to 8 weeks for talent acquisition, CloudDevs guarantees a match within 24 hours.

7. Tecla

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Tecla stands out among the top IT outsourcing companies and nearshore outsourcing companies, specializing in bridging the gap between companies and premier DevOps talent from Latin America. They excel in offering end-to-end services that span sourcing, vetting, and managing the intricacies of hiring international talent, making them a go-to for businesses aiming to build robust DevOps teams.

Transparent Pricing, Fees, and Minimum Commitments: Annual salaries for talent range from $60,000 to $80,000, influenced by job requirements and local payroll benefits, though specific fees per candidate are not disclosed.

Talent Location: Dedicated to connecting companies with top-tier talent within Latin America, Tecla is ideal for U.S. and Canadian firms looking to capitalize on nearshoring advantages.

Rating on Reviews Platforms: Tecla has garnered a 3.9 rating on Glassdoor from 4 reviews, though it lacks reviews on Trustpilot.

Highlight: Tecla's expertise in sourcing DevOps talent from Latin America positions it as a key player in the nearshore outsourcing landscape. Their commitment to developing long-lasting partnerships and offering diverse hiring models underscores their flexibility and client-focused approach. 

While Tecla is celebrated for streamlining the hiring process and reducing associated time and costs, the lack of transparent pricing and relatively higher costs compared to some agencies may deter budget-conscious firms or those seeking freelancers. Nonetheless, Tecla's focus on Latin American talent provides invaluable access to skilled professionals, enabling companies to efficiently leverage nearshoring benefits.

8. Fiverr

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Fiverr, established in 2010, has emerged as one of the biggest IT outsourcing companies and a pioneer in the freelance marketplace, introducing a novel concept where services start at just $5. Renowned for its user-friendly interface, Fiverr facilitates access to a broad spectrum of services, including digital marketing, graphic design, and more, making it the world's largest marketplace for creative and digital services.

Transparent Pricing, Fees, and Minimum Commitments: Fiverr's pricing model is celebrated for its simplicity, with services beginning at $5 and escalating based on the complexity of the service and the freelancer's expertise.

Talent Location: Hosts a vast network of freelancers from around the globe, offering a wide range of freelance services to individuals and businesses alike.

Rating on Reviews Platforms: Boasts a 4.4 rating on Glassdoor and a 3.6 on Trustpilot.

Highlight: As a leader among recruitment process outsourcing companies, Fiverr is best suited for clients in search of a diverse array of freelance services for quick, short-term projects. Its straightforward pricing structure and the absence of long-term commitments make it an attractive platform for those seeking flexibility. 

However, Fiverr may not be the ideal choice for projects that demand in-depth, long-term engagement or highly specialized professional services. Despite its vast service range and transparent pricing, the quality of services can vary, and the fee structure may not always favor freelancers.

9. ScienceSoft

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ScienceSoft, with a rich 30-year history and a robust team of over 550 specialists, stands among the top IT outsourcing companies and best IT outsourcing companies. Originating as a product IT company focused on AI software development, ScienceSoft has expanded its offerings to include a wide array of services such as application development, UX/UI design, data analytics, infrastructure services, and cybersecurity. With a global footprint, ScienceSoft operates primarily in the US, with additional offices across Europe and the Middle East.

Transparent Pricing, Fees, and Minimum Commitments: While specific pricing details are not publicly disclosed, ScienceSoft tailors its rates based on the project's scope and requirements, ensuring a customized approach to each client's needs.

Talent Location: ScienceSoft boasts a global presence, with operations and offices in the US, Finland, Latvia, Lithuania, Poland, KSA, and UAE, catering to a wide international clientele.

Rating on Reviews Platforms: The company enjoys a 4.3 rating on Glassdoor, showcasing its positive internal culture and employee satisfaction, though it lacks reviews on Trustpilot.

Highlight: ScienceSoft is celebrated for its extensive experience and maturity in the IT sector, having delivered solutions to 40% of Fortune 500 companies. Its broad service range, from software engineering to digital transformation, and strong partnerships with tech giants like IBM and Microsoft, underscore its capability to handle complex projects. Recognized by prestigious entities like Ernst & Young, Clutch, and IAOP, ScienceSoft is ideally suited for non-IT enterprises, software product companies, and large organizations seeking comprehensive IT services. 

However, its premium pricing and focus on large-scale projects may not align with the needs of very small projects or businesses seeking basic IT support.

10. EPAM

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Since its inception in 1993, EPAM Systems, Inc. has ascended to the forefront of IT outsourcing companies, distinguishing itself as one of the biggest IT outsourcing companies globally. With a profound expertise in software engineering, EPAM has evolved into a leading provider of digital engineering, cloud, AI-enabled transformation services, and a pivotal business and experience consulting partner for global enterprises and ambitious startups alike. EPAM's approach combines integrated strategy, experience, and technology consulting with over three decades of engineering execution, accelerating clients' market entry and maximizing the value of their digital and innovative investments.

Transparent Pricing, Fees, and Minimum Commitments: EPAM customizes its pricing based on each project's specific requirements, with an estimated cost range of $12,000 to $14,000, subject to a non-disclosure agreement (NDA). The company mandates a minimum project duration of six months.

Talent Location: With multidisciplinary teams serving customers across six continents, EPAM delivers globally while engaging locally through its expert consultants, architects, designers, and engineers.

Rating on Opinion Platforms: EPAM boasts a 4.1 rating on Glassdoor and a 2.8 on Trustpilot, reflecting its esteemed position and mixed reviews in the outsourcing and consulting sectors.

Highlight: EPAM Systems is celebrated for its comprehensive solutions that enhance people's lives and provide a competitive edge across various industries. Its inclusion in the S&P 500 and the Forbes Global 2000 in 2021, alongside accolades such as being named a Best Workplace by Glassdoor in 2023 and 2024, underscores its global impact and excellence. 

EPAM's recognition by IDC MarketScapes and Gartner® Magic Quadrant™ for its leadership in software engineering and custom software development services highlights its commitment to delivering innovative and effective solutions. Despite its prestigious status and global reach, potential clients should note the lack of transparent pricing details and the requirement for a minimum project duration.

Learn more about: Top 10 cities for outsourcing DevOps in Latin America in 2024

Comparative Summary of Top It outsourcing companies

This section of the blog offers a concise summary of the detailed characteristics previously discussed, across four essential criteria, to present the information in a simplified manner. This comparison aims to empower organizations to make more informed decisions when selecting an IT outsourcing company in LATAM for 2024.

Conclusion

The examination of the Top 10 IT Outsourcing Companies in LATAM in 2024 highlights Latin America's growing significance as a center for technological innovation and collaboration. This detailed analysis focuses on the region's ability to provide North American firms with access to some of the best IT outsourcing companies and nearshore outsourcing companies. 

These companies excel not only in operating efficiency and ethical standards, but also in providing seamless integration with clients via time zone alignment. As we move forward, these enterprises are equipped to meet the complex needs of the global tech landscape, reaffirming Latin America's status as a top destination for IT outsourcing.