Aras 9.4 Installation failure

Hello,

I was trying to install Aras 9.4 on a Windows 2008 Enterprise SP2 box. Obtained the license key from Aras' support website and also have all the prerequisites installed. But I could only go as far as entering the licensing information , once I enter the license key that Aras gave me and click Next., I get this popup which says "Error occured:-2147219705 (null)". I do not know what this error means. I have attached the screenshot of the error. 

Any clues?

Thanks,

Hemanth