Any particular reason for the positioning used? The offset of the image against the text doesn't seem quite right to me, too far apart to look like one logo. Doesn't really seem to give a sense of what kind of company the logo is representing either
I like the blue though
Like pangolin said, it doesn't portray who you are/what you do/what you provide?
I also think there's much better font choices to be made for the word vivid, and something typographic/creative could be done with the word! The logo image, does it represent anything or is it something so you have a graphic to use with the word? It kind of looks like an after thought to me, as if you felt you needed a graphic with the type to make it a logo.
I reckon if you tinkered with the word vivid you could make up a wicked logotype with it