Here's a solution in pure PIL.
def blend_value(under, over, a):
return (over*a + under*(255-a)) / 255
def blend_rgba(under, over):
return tuple([blend_value(under[i], over[i], over[3]) for i in (0,1,2)] + [255])
white = (255, 255, 255, 255)
im = Image.open(object.logo.path)
p = im.load()
for y in range(im.size[1]):
for x in range(im.size[0]):
p[x,y] = blend_rgba(white, p[x,y])
im.save('/tmp/output.png')