Measurement of similarity plays an important role in data mining and information retrieval. Several techniques for calculating the similarities between objects have been proposed so far, for example, lexical-based, structure-based and instance-based measures. Existing lexical similarity measures usually base on either ngrams or Dice's approaches to obtain correspondences between strings. Although these measures are efficient, they are inadequate in situations where strings are quite similar or the sets of characters are the same but their positions are different in strings. In this paper, a lexical similarity approach combining information-theoretic model and edit distance to determine correspondences among the concept labels is developed. Precision, Recall and F-measure as well as partial OAEI benchmark 2008 tests are used to evaluate the proposed method. The results show that our approach is flexible and has some prominent features compared to other lexical-based methods.