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Trouble installing 12 on 64-bit 2003 server

Created: 06 Aug 2008 • Updated: 02 Mar 2009

When trying to install the latest 12.0 version of Backup Exec on a 64-bit 2003 server I get the following error message: Failed to install SQL Express BKUPEXEC instance with error 1612.  When trying to research this exact issue I come up empty handed.  I have tried reinstalling the SQL 2005 Express but still come up with the same errors.

 

Any ideas to a solution?