I don't have a Win 7 PC available to test, but on Win 10 the Impedance Analyzer shows, "Analog Discovery not available," before I connect the AD2. After I connect it, I hear the typical Windows notification indicating a USB device was attached, then the analyzer status shows, "Analog Discovery Disconnected." The green LED inside the AD2 blinks as if it is successfully connected, but it doesn't turn off when closing the application.
Sounds like the same result as yours.
The Audio Analyzer Suite 1.0.0.76 sees the AD2 just fine as does WaveForms. Both enable the blinking LED inside the AD2 when connected and disable it when shut down.