In Microsoft Windows Server 2008 R2, the VMware Virtual Center Server and VMware vSphere Web Client services are dependent on the Protected Storage service. In Microsoft Windows Server 2012 R2, the Protected Storage service is renamed to the Security Accounts Manager service. During the operating system upgrade, the VMware service dependencies are not updated with the new service names. This results in the VMware Virtual Center Server service not being able to start as the Protected Storage service no longer exists.
I followed this KB (2112741)