Hi Mike,

So, do you have a license installed? What does Management Portal tell you about the license?

If you only have  a single user license, make sure that both Terminal and Studio use the same IP address to connect to Cache. By default Terminal will connect using interprocess communication instead of TCP/IP, and Studio could use your external IP address, so the best way to make sure you use the same IP address is to define a new "remote" server with IP address of 127.0.0.1 and use it for both Terminal and Studio.

Hope this helps

=Sergei