Service Manager 2012 services won't start after applying KB2677070

After applying the recently released security update KB2677070 the System Center Data Access Service and the System Center Management Configuration Service wont start. Both services will log a "Error 1053: The service did not respond to the start or control request in a timely fashion"

 

 The following error is shown:

 

When applying KB2677070, the server is not required to be restarted and therefore the error will not show until the next planned reboot.

The problem is fixed by following KB2730040