We're trying to do SEO on our company website. Our company logo is just text (in image form), but has two colors in it. Our company name appears a lot in our website's text/copy. For example, the sentence,
This is our company name: COMPANY.
is coded as,
This is our company name:
<span class="logo_black">COMP</span>
<span class="logo_red">A</span>
<span class="logo_black">N</span>
<span class="logo_red">Y</span>
Is it search engine friendly? If not, any suggestions?