diff --git a/docs/server/installation.rst b/docs/server/installation.rst
index da2980bf356..6025572dd86 100644
--- a/docs/server/installation.rst
+++ b/docs/server/installation.rst
@@ -107,7 +107,7 @@ To verify that everything installed correctly, you should be able to access the
 .. code-block:: bash
 
   (env) $ pootle --version
-  Pootle 2.7.1 (Django 1.7.10, Translate Toolkit 1.13.0)
+  Pootle 2.7.3 (Django 1.7.10, Translate Toolkit 1.13.0)
 
 
 .. _installation#initializing-the-configuration:
diff --git a/pootle/__init__.py b/pootle/__init__.py
index 7beea936ff0..721f24a12df 100644
--- a/pootle/__init__.py
+++ b/pootle/__init__.py
@@ -9,6 +9,6 @@
 
 from pootle.core.utils.version import get_version
 
-VERSION = (2, 7, 3, 'alpha', 0)
+VERSION = (2, 7, 3, 'beta', 1)
 
 __version__ = get_version(VERSION)