diff --git a/LICENSE b/LICENSE
index b543eb567..e4ffe01e3 100644
--- a/LICENSE
+++ b/LICENSE
@@ -1,6 +1,12 @@
+Skosmos is licensed under the MIT License. License text below.
+
+Libraries used by Skosmos may have their own, open source licenses.
+See the documentation of each library for details.
+
+
 The MIT License (MIT)
 
-Copyright (c) 2014 NatLibFi
+Copyright (c) 2012-2014 Aalto University and University of Helsinki
 
 Permission is hereby granted, free of charge, to any person obtaining a copy
 of this software and associated documentation files (the "Software"), to deal
@@ -18,4 +24,4 @@ FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
 AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
 LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
 OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE
-SOFTWARE.
\ No newline at end of file
+SOFTWARE.
diff --git a/README.md b/README.md
index 73fc77a45..d25f75217 100644
--- a/README.md
+++ b/README.md
@@ -1,2 +1,26 @@
 Skosmos
 =======
+
+Skosmos is a web-based tool providing services for accessing controlled
+vocabularies, which are used by indexers describing documents and searchers
+looking for suitable keywords.  Vocabularies are accessed via SPARQL
+endpoints containing SKOS vocabularies.
+
+In addition to a modern web user interface for humans, Skosmos provides a
+REST-style API and Linked Data access to the underlying vocabulary data.
+
+Skosmos is used as a basis for the Finto vocabulary service. The latest
+development version is also available at dev.finto.fi.
+
+Skosmos is implemented using PHP, with Twig templates and e.g. jQuery and
+jsTree used to build the web interface, and EasyRdf for SPARQL and RDF data
+access.
+
+The code is open source under the MIT license. See Installation in the wiki
+for details on obtaining the source and running your own instance of 
+Skosmos.
+
+For information about current and future versions, see ReleaseNotes and
+Roadmap.
+
+Skosmos was formerly known as ONKI Light.