Okay figured it out.
When I first started up the License Manager component I didn't notice the drop down arrow next to the local IP address, I just accepted what ever was populated there. Upon closer inspection the IP address was merely the top of the list and in this case happened to be a IP address for the VMware adapter rather than the actual physical NIC.
Stopped license manager, selected the correct IP and all is working as it should.
Thanks again Eric
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