Thanks CSTech1 and Markus.
I am not installing the Management Solution.
I will repair the .NET Framework and try it once again.
Added on 05-Sep-2010
Repair for .NET Installation did not solve the problem.
The more detailed message collected from Windows Event Manager is as below:
Product: Symantec Backup Exec System Recovery 2010 -- Error 1935.An error occurred during the installation of assembly component {98CB24AD-52FB-DB5F-A01F-C8B3B9A1E18E}. HRESULT: 0x80070422. assembly interface: IAssemblyCacheItem, function: Commit, assembly name: Microsoft.VC80.CRT,publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="8.0.50727.762",processorArchitecture="x86".