diff --git a/src/instana/version.py b/src/instana/version.py
index 28b9a1b9..a534f338 100644
--- a/src/instana/version.py
+++ b/src/instana/version.py
@@ -3,4 +3,4 @@
 
 # Module version file.  Used by setup.py and snapshot reporting.
 
-VERSION = "3.1.0"
+VERSION = "3.2.0"