One of the DLLs or libraries that the DatabaseManager application is not registered for some reason.
The easiest way to find out which one is to use procmon.exe from http://live.sysinternals.com and see which file it is trying to access without success. Then locate that file probably in Program Files/SolarWinds/Orion, Program Files/SolarWinds/Common or Program Files/Common Files/SolarWinds and regsrv32 the offending library file.
Please let me know if this helps or if we need to dig a little deeper.
Yep, thanks, I figured it out about 2 seconds before you posted this. it was the SQLDMO.DLL that was not registered correctly. Thanks for the help.