The company was merged with Confinity
in 2000, which owned a money transfer service called PayPal, commonly known for its online transfers.
Musk then cofounded X.com, a financial services and email-payment firm that merged with a startup called Confinity the following year.
PayPal's executive suite included several alumni of the Stanford Review, the conservative campus magazine that Peter Thiel, Confinity's founder, had edited as an undergraduate.
In the spring of 2000, at age 29, he merged the company with a competitor called Confinity
, which offered a similar service known as PayPal.
In 1999 he co-founded X.com, an on-line financial and payment company which he merged a year later with a similar firm, Confinity
. The combined entity became known as PayPal and in 2002 was acquired by eBay for $1.5billion in stock.
Besides LogFinity, TeleFinity offers several other Telephony solutions, ActFinity: a leading IVR solution, ConFinity
: the call accounting and billing solution, ConFinity
: the teleconference solution, and ActFinity HP: the healthcare dictation solution.In 2009 TeleFinity plans to enter the Enterprise software market with its own customer relationship management (CRM) solution, Human resource (HR) solution and content management system (CMS).
A year later, X.com merged with Confinity
, a company with a product called PayPal, which was being used to transfer money between email accounts.
's PayPal technology, which allows registered users to e-mail U.S.