You can't install the application for Windows 7 because there is no version released. This means that you need to work with the version installed. To increase compatibility, install XP Mode which can be downloaded through the Software Informer and then run the software virtualized. After Windows XP Mode has been installed, right click the setup package and install it using Troubleshoot compatibility then select it to run in XP Mode.
Notice: Windows 7 needs to be 32bit compatibility because XP mode will not work on 64bit versions of Windows.