Signal Express Version 1.1 do not support the CompactDAQ. This is related in the KB: "Can I Use Signal Express 1.1.1 with CompactDAQ?" However, the cDAQ should be supported in the comng soon version
LabVIEW SignalExpress released today, now adds support for compactDAQ. Also, all NI Data acquisition products come with a limited fearture version of LabVIEW SignalExpress. Take a look at ni.com/signalexpress