The font is lighter weight than what we are looking for. Most of the submissions have been on the heavy side, and we are asking them to lighten. Somewhere between yours and theirs is ideal.
The style of the font is interesting, but not hitting the mark. Would probably not select this font but we like that it is out of the box in terms of everything else we are seeing.
We like the approach to the ripple effect. It's different in its own way. Would like to see it inhabit more of the logo.