I get to see this error when I turn on my Videoscribe
you can also this image & Please solve my problem
(I do not work for videoscribe so this is just the advice of another user)
The message seems to be telling you to uninstall and reinstall videoscribe. did you try that?
Also, you could try downloading and installing the current Visual C++ installer from microsoft's website:
Hope that helps,
Mike (videoscribe user)