Just wanted to bump my own thing. I stil got this problem - 3rd month now - really frustrating.
The HP Version Control Repository manager cannot be connected. It's validating the catalog all the time.
The most frustrating thing is that there is no extended logging. There are no usefull logs in the System Log, Application Log. The Log of VCRM only shows "catalog vlaidation started" - nothing more.
What a **bleep**ty software ! Beware !