Profile Manager broken in 3.1.1

Installed 3.1.1 a few days ago. Didn't do 3.1 though as I was on vacation. Today I tried to access PM from my browser but got only error messages.

Ok, fired up server.app and checked the settings. App couldn't read them. Tried to stop and restart the service and now it won't start anymore.

These are the log entries I get:

[3002] [2014/03/27 09:13:54.463] -[SULogFileCollection setGlobalLogLevelPrefix:]: YES

0:: [3002] [2014/03/27 09:13:54.465]

###########################################################################

devicemgrd-865.1 (PID:3002, OS:13C64, SERVER:13S4140, ARCH:x86_64) starting

LA: devicemgrd

Log verbosity level = 1

UID = 220, EUID = 220

###########################################################################

0:: [3002] [2014/03/27 09:13:54.591] +[PGConnection reloadPreferences]: DBDebug = NO, DBLogNotices = NO, DBLogSQL = NO, DBMonitor = NO

0:: [3002] [2014/03/27 09:13:55.157] EXCEPTION: Postgres <-[PGConnection executeCSQL:] (/SourceCache/RemoteDeviceManagement/RemoteDeviceManagement-865.1/Compiled/Fram ework-Models/Postgres/PGConnection.m:322): "Postgres error 42P01 (ERROR: relation "device_enrollment_settings" does not exist

)">

0:: [3002] [2014/03/27 09:13:55.157] Terminating on unhandled exception -[PGConnection executeCSQL:] (/SourceCache/RemoteDeviceManagement/RemoteDeviceManagement-865.1/Compiled/Fram ework-Models/Postgres/PGConnection.m:322): "Postgres error 42P01 (ERROR: relation "device_enrollment_settings" does not exist

)"

0:: [3002] [2014/03/27 09:13:55.163] EXCEPTION: Postgres <-[PGConnection executeCSQL:] (/SourceCache/RemoteDeviceManagement/RemoteDeviceManagement-865.1/Compiled/Fram ework-Models/Postgres/PGConnection.m:322): "Postgres error 42P01 (ERROR: relation "device_enrollment_settings" does not exist

Any ideas?