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To fix this issue, execute this command from SQL Management Studio with admin rights:

(make sure you have AKMNewCompany.cbk under Program Files\Common Files\AK Microsystems\MSDE_AKM or MSDE_AKMUS)

(Change MSDE_AKM to MSDE_AKMUS if you are a US customer)



Add Dump Device
USE master;
EXEC sp_addumpdevice 'disk', 'AKMNewCompanyDESKTOP', 'C:\Program Files\Common Files\AK Microsystems\MSDE_AKM\AKMNewCompany.cbk';



If you don't have AKMNewCompany.cbk file in your Common Files folder, please download the relevant file from this article .