I got it working too. Thank you moofi, your report was quite useful.
Running Win10 my sequence of actions were:
1) Deinstalled Codemeter (had version 7.10a installed)
2) Copied the remaining Codemeter files from "c:\ProgramData\Codemeter" to my Desktop (I guess just CmAct is important)
3) Rebooted the system
4) Installed the most recent Codemeter 7.40b from "
https://www.wibu.com/de/support/anwende ... tware.html" with all "options" enabled during the install (as moofi explained)
5) Copied all files inside "CmAct" from the backuped Codemeter directory to "c:\ProgramData\Codemeter\CmAct"
6) Rebooted the system
7) Suddenly I had 2 CmContainers connected - shown in the taskbar icon of Codemeter - and one of the container was named "Propellerhead Software Virtial Ignition Key" which was not visible for all the time I had trouble with the authorization
8) Opened my account with Reason Studios and started Authorizer - my PC was not shown on the authorization page
9) Started Reason DAW and push botton "Other" which opened "
https://www.reasonstudios.com/authorization?reason" web page and clicked link "Authorize Computer and Keys" which returned to the authorization page where my PC was shown after all
10 Now I could authorize my PC.
11) I recognized the login window now looks different than previously but offline access of DAW now works.
GREAT
Perhaps someone else helps the description of my procedure...