We have five TestExecute licenses that all have the same activation key. Will use of all five licenses simultaneously require five different physical license manager PC's, or will a single license manager PC allow use of the same key on five instances of TestExecute?
Since your 5 licenses have the same activation key, you need only one license manager PC. Once you activate your key on it, you'll be able to start 5 simultaneous TE instances in your network.