SQL Server 2008 64-bit - Master Data Services troubleshoot database create Error

I am getting the following error when trying to create a new database in SQL server using MDS


        Microsoft.MasterDataServices.Configuration.ConfigurationException: Data is Null. This method or property cannot be called on Null values. ---> System.Data.SqlTypes.SqlNullValueException: Data is Null. This method or property cannot be called on Null values.
           at System.Data.SqlClient.SqlBuffer.get_String()
           at Microsoft.MasterDataServices.Configuration.DatabaseUtilities.GetDatabases(DatabaseServerInformation server)
           at Microsoft.MasterDataServices.Configuration.Commands.NewMasterDataServicesDatabase.InternalProcessRecord()
           at Microsoft.MasterDataServices.Configuration.Commands.ConfigurationCmdlet.ProcessRecord()
           at System.Management.Automation.CommandProcessor.ProcessRecord()
           --- End of inner exception stack trace ---
          at Microsoft.MasterDataServices.Configuration.InstanceManager.Execute(Command command)
           at Microsoft.MasterDataServices.Configuration.InstanceManager.CreateMasterDataServicesDatabase(DatabaseServerInformation serverInformation, DatabaseInformation databaseInformation)
           at Microsoft.MasterDataServices.Configuration.UI.MdsDatabase.CreateNewDatabase()

How can this error be resolved?

Thanks