On the "Connect to Team Foundation Server" dialog where you connect your project to TFS, the Server dropdown is empty with a warning icon that says:
"No TFS Servers were found in the TfsSyncConfig.xml file on the server."
Here's my XML file (the path to this file is C:\Program Files (x86)\Telerik\TeamPulse\TfsSync\Configuration\TfsSyncConfig.xml.)
<?xml version="1.0" encoding="utf-8" ?>
<Server Address="http://tfs.mydomain.com:8080" Domain="myDomain" Username="myUser" Password="myPass" />
I verified this is the same TFS address that Team Explorer is using in Visual Studio. I've done an iisreset trying to get the app to re-load the TFS servers, but that didn't have any effect. I'm connecting using Internet Explorer on the server where TeamPulse is installed (not using a client computer to connect), so I don't think the ports would be an issue.