System.FormatException Error "Input string was not in a correct format" on launching Toad (4308372)

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Title

System.FormatException Error "Input string was not in a correct format" on launching Toad
Description

The following error occurs on launching Toad:
System.TypeInitializationException
The type initializer for 'Quest.Toad.DB2.DB2ConnectionControl' threw an exception.
Stack Trace:
at Quest.Toad.DB2.DB2ConnectionControl.isAnalyst(BarItem barItem)
System.FormatException
Input string was not in a correct format.
Stack Trace:
at System.Version.VersionResult.SetFailure(ParseFailureKind failure, String argument)
at System.Version.TryParseComponent(String component, String componentName, VersionResult& result, Int32& parsedComponent)
at System.Version.TryParseVersion(String version, VersionResult& result)
at System.Version.Parse(String input)
at System.Version..ctor(String version)
at Quest.Toad.DB2.ProviderCommon.DB2Utils.getVersion(UIntPtr versionKey)
at Quest.Toad.DB2.ProviderCommon.DB2Utils.SearchForDefaultDB2Client(Boolean redirect64)
at Quest.Toad.DB2.ProviderCommon.DB2Utils.GetDefaultDB2Client()
at Quest.Toad.DB2.DB2Provider.Initialize()
at Quest.Toad.DB2.DB2ConnectionControl..cctor()

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