Grown out of entrepreneurship – made for founders

First steps into the world of computers with a Sinclair ZX Spectrum Plus, followed by an Atari ST, later an Amiga, and finally the first PCs. Even back then, Michael Scholz began developing his own programs - a defining starting point for his enthusiasm for technology and software development.

Started his professional career as a banker at Dresdner Bank - the first step on his path to banking, financial processes, and payment transactions.

Moved to the banking IT side of Dresdner Bank, specializing in electronic payment transactions and assuming responsibility for the conceptual, functional, and technical development of its electronic banking products.

Started out as a business owner and entrepreneur - initially as a freelance application developer and project manager with a focus on optimizing payment transaction processes.

Founding of SC-Data GmbH (later cogon AG), which specialized in consulting and development in the field of cash management and electronic banking.

Technical and technology consulting for Deutsche Bank in the field of electronic banking.

One of the key projects at that time was the conception and development of an asset-backed transaction system, including the technical connection to the bank's interfaces and the processing of payment transactions.

Founding of SC-Data IT Services GmbH (later ementexx GmbH), which initially operated a bank application as a ‘private cloud’ – at a time when this term was still rarely used, but we had already identified the trend and successfully implemented it.

Early on, a holding structure was established with SC-Data Holding GmbH (predecessor of scalum GmbH), which also served as an investment vehicle to bundle and strategically develop the various business activities.

Conversion of SC-Data GmbH (later cogon AG) into a stock corporation and further establishment as a solution provider for electronic banking in the market. In his role as a member of the Executive Board, Michael Scholz was responsible for application development and research, IT services and infrastructure, as well as IT governance and compliance.

Restructuring of the group of companies: SC-Data AG was renamed cogon AG and SC-Data IT Services GmbH was renamed ementexx GmbH - SC-Data Holding GmbH became what is now scalum GmbH.

Successful sale of cogon AG by scalum GmbH to the former Hanse Orga AG – now part of the international Serrala Group.

First, ementexx GmbH expanded its focus as a product- and vendor-neutral consulting firm for electronic banking, payments, and cash management before evolving with ennoxx.banking into a leading SaaS solution provider for companies in the banking and cash management sector.

Successful sale of ementexx GmbH by scalum GmbH to the Lucanet Group - a portfolio company of private equity investor Hg Capital. As managing director, Michael Scholz then supervised the integration of the company into Lucanet's international structure.

Michael Scholz leaves the management board of ementexx GmbH after successfully completing the integration and handover to the Lucanet Group.

Strategic realignment of scalum GmbH to support founders and entrepreneurs as a advisor, investor, and business angel - with a focus on advisory services, investments, and startup development.