diff --git a/README.md b/README.md
index f786ee25c9..5b16767e79 100644
--- a/README.md
+++ b/README.md
@@ -2,7 +2,7 @@
   <img width="180px" height="41px" src="https://suitecrm.com/wp-content/uploads/2017/12/logo.png" align="right" />
 </a>
 
-# SuiteCRM 8.4.2
+# SuiteCRM 8.5.0
 
 [![LICENSE](https://img.shields.io/github/license/suitecrm/suitecrm.svg)](https://github.com/salesagility/suitecrm/blob/hotfix/LICENSE.txt)
 [![contributions welcome](https://img.shields.io/badge/contributions-welcome-brightgreen.svg?style=flat)](https://github.com/salesagility/SuiteCRM-Core/issues)
diff --git a/VERSION b/VERSION
index e7fdef7e2e..6d2890793d 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-8.4.2
+8.5.0
diff --git a/core/app/common/package.json b/core/app/common/package.json
index dda4518c6b..ae29278847 100644
--- a/core/app/common/package.json
+++ b/core/app/common/package.json
@@ -1,6 +1,6 @@
 {
   "name": "common",
-  "version": "8.4.2",
+  "version": "8.5.0",
   "peerDependencies": {
     "@angular/common": "^12.1.0",
     "@angular/core": "^12.1.0",
diff --git a/core/app/core/package.json b/core/app/core/package.json
index a845acafdb..a7a40dc6ee 100644
--- a/core/app/core/package.json
+++ b/core/app/core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "core",
-  "version": "8.4.2",
+  "version": "8.5.0",
   "peerDependencies": {
     "@angular/common": "^12.1.0",
     "@angular/core": "^12.1.0",
diff --git a/package.json b/package.json
index a20ff00193..2dbf6dff8a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "suitecrm",
-  "version": "8.4.2",
+  "version": "8.5.0",
   "scripts": {
     "ng": "ng",
     "start": "npm run start:shell",