It looks like the software that runs a hardlock dongle: a piece of hardware that is used to prevent software piracy on certain programs. If you don't have anything like or connected to your compuer, you probably don't need it.
Up until recently, mine was working. I bought one of the cheaper converters from NewEgg.com. The reason it stopped working was, i think, because it was the cheap version. All I needed was the vga to hdmi converter with audio wire. Examples: http://www.