What you experience is actually a compatibility issue when an old application refuses to load on a new computer with a modern operating system. Firstly, explore the CD and right click the file then go to Properties > Compatibility. Select a version of Windows lower than Windows 7 and then launch the application, but if it doesn't work, then the application won't be available for usage on the Windows 7 operating system.
I managed to find the official website, but an error is displayed instead which means it's discontinued.