Hi, Mark,
On a VM you will need to use a served license and install the SySAM license server. An unserved license will not work past the trial period on a VM.
Follow these steps:
1) Download the SySAM 2.3 software from SAP Marketplace and run setup.exe. Accept all the defaults. If your operating system is 64 bit, download the 64 bit version.
2) Generate a served licenses from SAP Service Marketplace. Place the served licenses in this directory in the Sysam install: C:\sybase\SYSAM-2_0\licenses.
3) On Windows 7 and Windows Server 2008 machines, IPV6 is usually enabled. The
SySAM server defaults to using IPV4. Run the lmtools.exe utility in the sysam c:\sybase\SYSAM-2_0\bin directory. On the Config Services tab click the Browse button for the lmgrd.exe file and browse to
the IPV6 directory under the bin directory and the select the lmgrd.exe in that directory. Save the changes. In the control panel stop and then restart the SySAM server service. Do not simply restart the service.
4) Install PB and select the served license when it prompts. If PB is already installed and you can run PB, select Tools-Update License and update to a served license. If you can't run PB, it should allow you to update the license to served. Enter the machine name of the sysam server machine when prompted. Restart PB and check Help->About to make sure it's valid.
Each user that accesses PB on the VM will need a license and be assigned a license from
the SySAM server upon first access and this license will be assigned to them for 30 days. Make sure the PB end user is the first person to run PB.
.
Pat
PS. Just remembered you saying you had generated your license on subscribenet. You should be able to download the SySAM license server from this link however I don't believe it works with Windows 8.x.
SySAM Standalone License Servers - SySAM - All Products A-Z - Products - Sybase Inc