Unable to connect to the database (error=99)

SUGGESTED

I have installed Sage 300 ERP 2012 version on my brand new laptop. This is a standalone system.  While trying to create company I am getting this error "Unable to connect to the database (error=99)" 

Configuration:

OS: Windows 8, 64 bit

Database: MS SQL 2012 

Please help me solve this issue.

Thanks.