I don't know who made the logo for Elcor Software, but in my opinion, for such kerning designer should not give to eat a week (as punishment) :))))

@Mafia_Penguin you could make it not so blured .. and then when you look it seems that vision has deteriorated ;)

I'd use a "sharpen" filter at least if not redraw the logo from scratch.

The letters also disappear on a black background except on the one with the "glow" effect but the glow is somewhat unfit especially on the "software" part of the lettering as it is small.