Most of the available on-line data/information in organizations that also is efficiently organized for storage and retrieval is numerical in nature. Along with numerical data/information, organizations also use a substantial amount of text-based data/information. With the advent of ecommerce and Intranets, more and more text-based information is now available on-line. While textual information can be a rich source of information to organizations, there are several issues regarding the efficient storage and retrieval of text-based data/information. This paper examines the issues with text storage and retrieval and proposes a high level architectural solution to overcome some issues. Many of the features in the proposed architecture are already implemented in various software solutions available today but in a fragmented fashion. The architecture emphasizes open standards to enable seamless sharing of text-based data/information in a networked environment.