ManyCam failed to connect to Microsoft LifeCam Studio webcam

Hi tech savvy,
I have Mac OS X Lion operating system with 64 bit and I installed this Many cam latest version. I downloaded this version from the licensed website. But when I try to connect to Studio webcam the real problem triggers. How do I stop this error? How do I solve this? No application or program is using this manycam. Help please.

ManyCam can’t connect to your Microsoft LifeCam Studio webcam.
Please make sure this device is not currently used in another application.
