When trying to discover, assess, and select cloud services, companies face many challenges, such as fast-moving markets, vast numbers of offerings, and highly ambiguous selection criteria. This publication presents the Open Service Compendium (OSC), an information system which supports businesses in their discovery, assessment and cloud service selection by offering a simple dynamic service description language, business-pertinent vocabularies, as well as matchmaking functionality. It contributes to the state of the art by offering a more practical, mature, simple, and usable approach than related works.