I found a slightly different solution: I had the same issue reported.  Reinstalling wasn't enough.  I installed at least 5 times with same error every time.  Then I realized that the most recent Visual C++ update wasn't working because it was conflicting with and old installation of the same.  I went to the Control Panel/Uninstall a Program and removed all instances of the Microsoft Visual C++ component.  Restarted the computer and the Proseries software installed everything necessary without a glitch.