What's the font used in this logo? It looks like
times new roman font? Also, do you want the grey splodge in the logo? to me, it looks dreadful and would be better if it was left out. If the reason why you included the grey splodge was to highlight the white text there are ways to highlight the white text without the splodgy grey cloud being present.
Here's a quick attempt (preview Below) I'm sure someone else will come and design a better one.