We get this error when attempting to run arccatalog and arcmap (see image attachment) on a virtual machine.
We are pointing to a machine that houses the concurrent use license manager.
The odd thing is that when running ArcGIS for desktop (Standard) 10.2 from a different VM that is pointing to the same license manager, we receive no errors. We can't figure out how to address the errors on the VM that has 10.3 installed.
We have another machine (not a VM - but a standard laptop) that has 10.3 installed and is pointing to the same concurrent use license manager and it runs just fine.