Move license to another server

[mr_slava]

We are in the process to upgrade our build server from "Windows 7" to "Windows server 2012 R2" to support new dev tools. I followed instruction to transfer license from one computer to another as follow:
- uninstall "Visual Build Pro 7.7" (this is release we are using) from Windows 7 computer
- install "Visual Build Pro 7.7" into Windows Server 2012
- register product with our "1 computer license" (registration successful)

When I open any project at new location, the actions and steps are disabled and looks like the product in read-only mode.

Is there something I missed?

Thanks.