I can appreciate the effects of the left logo but the composition doesn't make sense to me; the name is Violet and 'Multimedia' is more a description of what they do, so I wouldn't give the M this much attention. The logo on the right however seems to have it all. It looks beautiful and impressive, the V gets more attention and the effects pretty much tell me the company has something to do with media or digital technologies (though the left one did that too).
While the big M in the left logo bothers me a bit I actually do think it's a brilliant logo for a multimedia company. I think it's less about which logo I would prefer and more about what the company wants to express with their brand, because both work in their own right.
I get that, but I think I would've made the M smaller then. I'm not even sure how that would look though. I guess you used the perspective to make V a bit more dominant already.
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