Israeli software exports hit record $2 billion in 1999

Of last year's exports, 38 percent went to North America, 37 percent to Europe and 15 percent to the Far East.

About 1,000 new employees joined the industry's payroll in 1999.

Industry leaders are "working hard" toward keeping salaries under control, Shor said, and an increase in the number of university students studying engineering and computer science should help.