Maryanne,
To cut the file you don't need to have it as an .svg.
You can open the .png "image" in SCAL2,
break apart,
group the text back together,
separate the three pieces of the logo to cut in the color you want.
Video Tutorial here:
http://www.craftedge.com/tutorials/#19
If you really want an .svg see some of the tutorials on TraceBitmap.
Need more detailed instruction of help. Just ask.