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i have no idea what this brand is supposed to be but... tbh i don't see anything wrong with the right one
logos are supposed to be simple-ish, use minimal amount of colors and be scalable and it sure does a better job with it's reduced color palette and vector shapes
the one on the left should be reserved for e.g. illustrationsI kinda agree with it from an ease of printing perspective and easy perception from a distance, but they completely changed the proportions and got rid of the contrasting dark blue/red color-scheme that would catch people's eyes. Looking at them side by side I'm still not convinced they're even the same company, and that's a failure for brand recognition in my mind which is the only reason logos even exist.