Difference between Test Complete and Test Execute

Here's some information about TestExecute

https://support.smartbear.com/testcomplete/docs/other-tools/testexecute.html

They are separate licenses

https://support.smartbear.com/testexecute/docs/licensing/key-based/license-types.html

TestExecute will run automation scripts and produce results. TestComplete allows you to create/edit/debug/run automation scripts/keyword tests, produce results and much more (similar to an IDE).