Gradient’s parameters:

The parameters of the blue element:
Blending Options-Outer Glow

Blending Options-Bevel and Emboss

Blending Options-Gradient Overlay

Gradient’s parameters:

We have to draw a flare also on the logotype’s surface. Pick up firstly the Ellipse Tool (U) to make a circle and then select the Convert Point Tool to mark out the lowest top. Click on the top with the right mouse’s button and select the Free Transform Path to lift up the top exactly the way it is shown below: