Hello,
Few things to check:
1. Check if you are seeing events on IPS via CLI or IDM first.
To access IPS via IDM:
https://
If yes, then there is no issue with IPS itself and the issue is IME related.
2. When you added the IPS device to IME, in 7.0.3, make sure you enter correct username and password for 'Event subscription'.
By default its the same username and password that is used for authentication.
3. start>run > services.msc
Restart: Cisco IPS manager express
Now see if you start seeing events again.
- Sid