We describe META-SHARE which aims at providing an open, distributed, secure, and interoperable infrastructure for the exchange of language resources, including both data and tools. The application has been designed and is developed as part of the T4ME Network of Excellence. We explain the underlying motivation for such a distributed repository for metadata storage and give a detailed overview on the META-SHARE application and its various components. This includes a discussion of the technical architecture of the system as well as a description of the component-based metadata schema format which has been developed in parallel. Development of the META-SHARE infrastructure adopts state-of-the-art technology and follows an open-source approach, allowing the general community to participate in the development process. The META-SHARE software package including full source code has been released to the public in March 2012. We look forward to present an up-to-date version of the META-SHARE software at the conference.