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Out of those two I like the second one myself. I prefer extruded text to boolean text. As for the circles in the logo, I would suggest a higher poly count to the edges, the sides of them look blocky. Maybe it is the JPG artifacting but I think I see it correctly.
I am also a fan of contrast so even though I think the red sticks out more than the blue, I would go with white on black, and if the logo goes to a letter head, I would use the blue on white. But that is just me. It just "POPS" to my eye better that way and I think it gets noticed more.
I would also reconsider the box around the logo & text. If there is a box, I would put it around the circles not the text. Have the text bigger along the bottom of the box. The same width as the box above it.
I might reconsider the font as well. I am not sure what Indigo is selling, but it looks to me like it is selling doll houses by the chosen font. Just the first thing that popped into my head. I suggest more a harder san-serif font so it is a little more edgey but I have only designed logos for technical companies before so I may be wrong.
Just my opinions
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