Problem Starting Imatest after Installation

Symptoms of the problem:

After installation, upon attempting to start Imatest, nothing happens.  

Running using diagnostic mode, or from a command window may show an error similar to this:

Previously accessible file “C:\Program Files\Imatest\Master\imatest_mcr\imatest\
startup.m” is now inaccessible.
Error:Error in mclFreeStackTrace.

Sources of the problem:

Potential Solutions:

Solution for Imatest IT: