This has been a long-time annoyance as it is useless anyway.
Installshield created it to add convenience for a program to check for its updates but even as it is being installed by many programs, this program’s developers haven’t use it the way it was intended for.

Official Description:

FLEXnet Connect is a solution that Macrovision sells to software vendors that is designed to help you stay connected with your customers after they install your applications. Keeping software updated is one of the many benefits of FLEXnet Connect, but Macrovision also recommends that software vendors build in an option to disable automatic update checking. If you are using an application that uses FLEXnet Connect, your application may have a configuration option to disable update checking. Please check your application’s menu options.

If your application does not have this option, Macrovision has created a tool called the Software Manager that can disable automatic update checking. The Software Manager utility lists all applications currently using FLEXnet Connect on your computer and the FLEXnet Connect’s status with that application.

If you have it installed (look for Program Updates in your Start Menu), you can configure it to not check for program updates automatically but many times it starts at windows startup for no reason. Removal is easy, download the Software Manager Uninstall Program, run it and follow the instructions. Now you will have it removed from your system.

Website

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