There's nothing in the Event log and no malware was found. I Googled the aforementioned "AceGain Live Update" http://www.acegain.com
:: AceGain EAN Linux Manager ::
To truly automate and optimize the IT management process, AceGain EAN Linux Manager enables administrators to create policy-based rules that can be tied to executable processes, batch processes or commands.
Along with performance monitoring and alert management, AceGain EAN Linux Manager enables administrators to take real-time inventory snapshots of every machine in their environment.
AceGain EAN Linux Manager gives administrators an all-encompassing and comprehensive system-monitoring solution that provides real-time information on single nodes, clusters and virtual groups. http://ean.acegain.com
I was noticing an unkown "A" icon in the tray and since I never remember using AceGain or even visiting the site I deleted the program.
It's odd that the website doesn't explain what EAN is, although it appears to be a system monitoring program. I don't use Linux so I fail to see how it showed up. Deleting it must have lead to the "EAN Connection Failed" messages although not even that should come up unless remnants of the program still remain.