diff --git a/build.gradle b/build.gradle
index abd260eab7..d51a506018 100644
--- a/build.gradle
+++ b/build.gradle
@@ -1,7 +1,7 @@
 subprojects {
-    ext.version_number     = "1.1.0"
+    ext.version_number     = "1.2.0"
     ext.group_info         = "org.whispersystems"
-    ext.axolotl_version    = "1.3.0"
+    ext.axolotl_version    = "1.3.1"
 
     if (JavaVersion.current().isJava8Compatible()) {
         allprojects {