Because sometimes a logo doesn't have to be all fancy and shiny but needs to be 'dead' serious.
PRASECO is the abbreviation of Praetorian Security Company. They offer worldwide private security services. The ovals represent the shape of the shields that the Roman praetorians used and there's one shield for each of the world's seven continents symbolizing PRASECO's worldwide coverage.
EDIT: Forgot to mention that the majority of their customers are in naval transport hence the colour choice of dark blue and the greyish blue resembling the colour of container/navy ships.
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