Hello,
I am having a similar if not the same issue. I've tried uninstalling and reinstalling the sepm software and it continues to do the same thing. When I check the event log under apps there is an error that says, "The Java Virtual Machine has exited with a code of 1, the service is being stopped."
The service for embedded database is always on, but the epm service always stops. If I stop the embedded database service, the epm service will stay on fine. However then if I try to access the console it stops again.
I'm going nuts here! Any thoughts on how I can fix this?