SCOM 2007 R2 MOM Agent Activation context generation failed

I came across the following errors today on the server I’m trying to push the SCOM MOM Agent to a Windows 2008 server:

Log Name: Application
Source: SideBySide
Date: 10/15/2009 9:29:04 AM
Event ID: 33
Task Category: None
Level: Error
Keywords: Classic
User: N/A
Computer: USHUBICE01.Exterran.pvt
Description:
Activation context generation failed for "C:\Program Files\System Center Operations Manager 2007\MOMConnectorPerformance.dll". Dependent Assembly Microsoft.VC90.CRT,processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="9.0.30729.1" could not be found. Please use sxstrace.exe for detailed diagnosis.

Log Name: Application
Source: SideBySide
Date: 10/15/2009 9:29:04 AM
Event ID: 33
Task Category: None
Level: Error
Keywords: Classic
User: N/A
Computer: USHUBICE01.Exterran.pvt
Description:
Activation context generation failed for "C:\Program Files\System Center Operations Manager 2007\HealthServicePerformance.dll". Dependent Assembly Microsoft.VC90.CRT,processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="9.0.30729.1" could not be found. Please use sxstrace.exe for detailed diagnosis.

My fix was to install Microsoft Visual C++ 2008 SP1 Redistributable Package (x86).