The file belongs to the ClientConnect (Conduit/Perion) platform, a utility that bundles and monetizes search toolbars and browser add-ons. While the file properties state the file is developed by 'Microsoft Corporation', this is not the case and it is designed just to look like a legitimate Microsoft system file. The application InstallUtil.exe, “.NET Framework installation utility” by ClientConnect has been detected as adware by 7 anti-malware scanners. It is also typically executed from the user's temporary directory.