Requirements: Web 2.0 logo with sphere and a satellite. Color – Blue. Font style: Business.
First draft:

Client wanted different variations of satellite position so we came up with two more options:

We decided to stick with one satellite on top. Now we had to play with different fonts for the name.

Finally we came up with the following font. Now we had to pick up the color for the name.

Client loved the final one with blue logo and black name, so here is the final logo compared to the old one:

The logo also had to be modern, eye catching and web 2.0.

The main colors would be GREEN and BLUE.

So I came with two different logo sketches:

Client chose design #2 but wanted some changes on the graphic. So next logo looked like this:

Then we added some cool graphics:

Client really liked the one with circle, so I gave two colors to choose from:

And finally client accepted the blue logo.

Additionally client wanted business cards, so here is what we got in the end: