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Error 'The application failed to start because MSVCR100.DLL was not found' when running the license extension tool

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Information

 
EnvironmentProduct: Connect for ODBC driver (License Extension utility)
Version: all versions
OS: Windows
Database: all databases
Application: ddextwin.exe (License Extension Utility)
Question/Problem Description
When running the License Extension Utility (ddextwin.exe) on Windows the below error is returned.
Clarifying Information
 
 
Error MessageThe application failed to start because MSVCR100.DLL was not found. Re-installating the application may fix this problem.
Defect/Enhancement Number
Cause
Microsoft Visual Studio or the Microsoft C++ redistributable is a prerequisite for running this license utility in a Windows Environment.
Resolution
Install Microsoft Visual Studio or the Microsoft C++ redistributable to obtain a copy of the "C Runtime Library (CRT) for native code" (MSVCR100.DLL).
 
 
Workaround
Notes
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