diff --git a/CHANGES.md b/CHANGES.md
index ad10c65..b07884b 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -19,6 +19,9 @@
 History
 =======
 
+Under development 0.8.1
+-----------------------
+
 0.8.0 (26-08-2015)
 ------------------
 
diff --git a/setup.py b/setup.py
index 7671dee..21bea72 100644
--- a/setup.py
+++ b/setup.py
@@ -38,7 +38,7 @@
 
 
 PROJECT = 'ec2stack'
-VERSION = '0.8.0'
+VERSION = '0.8.1'
 URL = 'https://git-wip-us.apache.org/repos/asf?p=cloudstack-ec2stack.git'
 AUTHOR = 'Apache Software Foundation'
 AUTHOR_EMAIL = 'dev@cloudstack.apache.org'