Web services have primarily been designed for providing inter-operability between business applications. Current technologies assume a large amount of human interaction, for integrating two applications. This is primarily due to the fact that business process integration requires understanding of data and functions of the involved entities. Semantic Web technologies, powered by description logic based languages like OWL[1], aim to add greater meaning to Web content, by annotating the data with ontologies. Ontologies provide a mechanism of providing shared conceptualizations of domains. This allows agents to get an understanding of users’ Web content and greatly reduces human interaction for meaningful Web searches. A similar approach can be used for adding greater meaning to Web service descriptions, which will in turn, allow greater automation, by reducing human involvement for understanding the data and functions of the services.