diff --git a/NEWS b/NEWS
index 81277cf..14df416 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,7 @@
+1.2.2 xxxx-xx-xx
+========
+* TBD
+
 1.2.1 2014-08-29
 ========
 * Compatible with PHP 5.2 - 5.6
diff --git a/igbinary.h b/igbinary.h
index 8a14bac..690d433 100644
--- a/igbinary.h
+++ b/igbinary.h
@@ -30,7 +30,7 @@
 #	define IGBINARY_API /* nothing special */
 #endif
 
-#define PHP_IGBINARY_VERSION "1.2.1"
+#define PHP_IGBINARY_VERSION "1.2.2-dev"
 
 /** Struct that contains pointers to memory allocation and deallocation functions.
  * @see igbinary_serialize_data
diff --git a/package2.xml b/package2.xml
index a2850c8..eec96a8 100644
--- a/package2.xml
+++ b/package2.xml
@@ -28,7 +28,7 @@
  <date>2014-08-29</date>
  <time>09:00:00</time>
  <version>
-  <release>1.2.1</release>
+  <release>1.2.2-dev</release>
   <api>1.1.1</api>
  </version>
  <stability>