Release : 7.x
Component : JASPERSOFT REPORTS FOR SERVICE MANAGEMENT
Check the following:
1. Log in as local admin to install. Make sure that the user has full rights to the folder indicated in the error trace.
2. Check and make sure that the postgresql port 5432 is available. Try netstat -a to check which ports are being used.
3. Go to Control Panel -> System and Security ->Administrative Tools->Services and make sure that there are no reminant postgresql processes running using the same port.
4. Check, UAC and/or firewall may be preventing initdb.exe to run. Try turning them off temporarily to see if that is the case.
if all listed above do help, you can install the postgresql first and then install Jaspersoft using the installed instance of postgresql.