One of the essential requirements in electronic business is to
exchange
    business information between agreed business partners. However discovering
    suitable partner(s) and establishing collaboration with these partners
    is a problem faced by many current e-commerce infrastructure models.
    Therefore effective implementation of a strategic B2B communication
    between business partners by proposing a feasible solution to overcome
    existing concerns/problems is one of the main objectives that we
    need to address in order to develop the existing Info-Structure concept.
   
    In this research paper we are proposing how we can improve the storage
    of business domain knowledge and effective searching of business
    services stored in registries utilizing the implementation of Ontologies.
    We have selected \“IT Outsource\” as our example Ontology
    which helps IT companies engaged in outsourcing to setup their business
    repositories in an effective manner. Therefore within a short period
    of time customers can effectively search business services advertised
    in these registries.