Sybase IQ requires SySAM license server version v11.6.1 or later, which is distributed on the Sybase IQ Server Suite installation media. Using an older SySAM server can cause the Sybase IQ server to become unresponsive. Install the license server before you install Sybase IQ.
lmutil lmver lmgrd
Uninstall your current license server
Install the license server distributed on the Sybase IQ Server Suite DVD
Rehost your licenses