Installation Failing with VS 2010 Pro

Installation Failing with VS 2010 Pro

I am trying to install Parallel Studio 2011 SP1 Update 1 on a WIN7(i64) computer that has Visual Studio Professional. After installation ofIPS XE 2011, VS 201 does not open and gives the following error message:
"Exception has been thrown by target of an invocation".
If I uninstall IPS XE2011 VS 2010 works correctly
Is there a known solution to this issue?

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