Soundblend
[ EDIT ] i restarted my computer and it seems to work now, question is why ?
Answer: ILM is only started at windows start-up. It has one chance to run at startup. if something prevents ILM from running at start-up it won't run nor will anything try to start it again except for a reboot.
You can manually start ILM by going to services/Pace License manager and clicking on "start". The status should be "running" if it is indeed running and blank if it is not running.
From my observations: If something is running when ILok License manager (ILM) tries to start, such as a windows update, graphics card update, virus checker, etc, the ILM won't start. This is where the delayed startup helps.
You need to wait for the computer to finish doing the update, virus scan, whatever it was doing, then reboot and ILM should run.