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The installation process fails to complete when attempting to install Visual Cobol 2.2 for Visual Studio 2012 on a Windows 2008 R2 machine.
The installation process fails because the VC 9.0 CRT is missing from the machine, and upgrading to Visual Cobol 2.2 Update 1 will rectify this issue.
Alternatively, as a workaround, installing the "Microsoft Visual C++ 2008 SP1 Redistributable Package" from http://www.microsoft.com/en-us/download/details.aspx?id=5582 will resolve the issue.