SAP Sybase IQ requires SySAM license server version v11.6.1 or later, which is distributed on the SAP Sybase IQ Server Suite installation media. Using an older SySAM server can cause the server to become unresponsive. Install the license server before you install SAP Sybase IQ.
./lmutil lmver lmgrd
Uninstall your current license server
Install the license server distributed on the SAP Sybase IQ Server Suite DVD
Rehost your licenses
Sybase Software Asset Management (SySAM) 2 Users Guide