diff --git a/build/next-release.txt b/build/next-release.txt
index d0149fef74..6ee81aba98 100644
--- a/build/next-release.txt
+++ b/build/next-release.txt
@@ -1 +1 @@
-1.3.4
+1.4.16
diff --git a/configure.ac b/configure.ac
index ae1ce1b907..884a5b48fb 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,10 +3,10 @@
 
 # Must change all of the below together
 # For a release, set revision for that tagged release as well and uncomment
-AC_INIT([freeswitch], [1.4.15], bugs@freeswitch.org)
+AC_INIT([freeswitch], [1.4.16], bugs@freeswitch.org)
 AC_SUBST(SWITCH_VERSION_MAJOR, [1])
 AC_SUBST(SWITCH_VERSION_MINOR, [4])
-AC_SUBST(SWITCH_VERSION_MICRO, [15])
+AC_SUBST(SWITCH_VERSION_MICRO, [16])
 AC_SUBST(SWITCH_VERSION_REVISION, [])
 AC_SUBST(SWITCH_VERSION_REVISION_HUMAN, [])