Software development has become a distributed, collaborative process based on the assembly of off-the-shelf and purpose-built components. The selection of software components from component repositories and the development of components for these repositories requires an accessible information infrastructure that allows the description and comparison of these components. General knowledge relating to software development is equally important in this context as knowledge concerning the application domain of the software. Both form two pillars on which the structural and behavioural properties of software components can be addressed. Form, effect, and intention are the essential aspects of process-based knowledge representation with behaviour as a primary property. We investigate how this information space for software components can be organised in order to facilitate the required taxonomy, thesaurus, conceptual model, and logical framework functions. Focal point is an axiomatised ontology that, in addition to the usual static view on knowledge, also intrinsically addresses the dynamics, i.e. the behaviour of software. Modal logics are central here – providing a bridge between classical (static) knowledge representation approaches and behaviour and process description and classification. We relate our discussion to the Web context, looking at Web services as components and the Semantic Web as the knowledge representation framework