The "required privilege error" is occurs due to running the Pragma InetD service with an account other than the Local System account. Pragma InetD service MUST run using the Local System account.
To fix this issue, go to Services under Windows Computer Management. Locate Pragma InetD in the services list and click to select its Properties option. Click on the Log-on tab. Select Local System account for the "Log on as" option.
Hope this helps.
Technical Support Group (TSG)
Pragma Systems, Inc.
Pragma Systems Technical Support
13809 Research Blvd, #675
Austin, TX 78750