I'm not especially familiar with the Raynet agent, beyond that it includes components from early versions of the FlexNet inventory agent. I believe the Raynet products are focused on provide capabilities for managing software deployments and configuration management in enterprises.
You can't install the FlexNet inventory agent on a computer that as Raynet agent is already installed on. That would likely result in both agents no working because they would each make incompatible changes to registry entries the other agent uses.
To illustrate, here is an example. This is somewhat hypothetical as it may not be an exact issue that could occur, but illustrates the sort of thing that would be likely to occur if both agents were installed:
Both agents might use the registry entry HKLM\SOFTWARE\WOW6432Node\ManageSoft Corp\ManageSoft\ETCPInstallDir to record the installation directory of the agent. If both agents were installed, the registry entry could only point to one location - so one of the agents would be broken because it wouldn't know its installation directory.
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