In case anyone else facing the same issue and for future reference, I include here with my workaround for the error here.

I managed to solve it by referring to this forum (Link: http://www.progtown.com/post37004192.html#p37004192)

I have simply done the following:

Copy all DLL from folder <cachesys>\dev\cpp\lib to <python installation path>\Lib\site-packages\intersys

Although I not sure whether how legit is this solution, but this is currently a logical and plausible workaround for the problem I faced here.

Regards,

Ivan