Help with Akai EIE and Overloud TH2 amp modelling software.

Hi, I recently purchased a Akai EIE and am having trouble connecting it to my Macbook Air with OS X Yosemite. I have managed to play music through it, however when I connect my guitar to it and use the Overloud TH2 amp modelling software, I'm not getting anything. The EIE is selected from the dropdown menu as the input and output device, but nothing. I also downloaded the Akai Control Panel with the driver that is supposed to work the OS X 10.10, but when I open the control panel it says "No device connected" even though it is connected. Any help with this would be greatly appreciated.
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