FlexLM floating license for two applications on the same server

I am new to PTC but not new to FlexLM license servers.  I have one server with 3 different apps with their own FlexLM.  I have another server with just one application so wanted to install this new PTC license service on it.  I was able to get it to install and the service to start but it will only activate one license at a time even though both services are started.

Is it possible to run the PTC license service along side of another application?  I found a KB that says yes, but does not explain how.  The online instructions are not working as both are conflicting with one another.