diff --git a/configure.ac b/configure.ac
index 3ceaf69ac..626be9faf 100644
--- a/configure.ac
+++ b/configure.ac
@@ -4,7 +4,7 @@ AC_PREREQ(2.59)
 #
 define([vma_ver_major], 8)
 define([vma_ver_minor], 4)
-define([vma_ver_revision], 6)
+define([vma_ver_revision], 7)
 define([vma_ver_release], 0)
 
 AC_INIT(libvma, [vma_ver_major.vma_ver_minor.vma_ver_revision], support@mellanox.com)
@@ -43,7 +43,7 @@ VMA_LIBRARY_MINOR=4
 AC_SUBST(VMA_LIBRARY_MINOR)
 
 #VMA_LIBRARY_REVISION-vma_ver_revision
-VMA_LIBRARY_REVISION=6
+VMA_LIBRARY_REVISION=7
 AC_SUBST(VMA_LIBRARY_REVISION)
 
 #VMA_LIBRARY_RELEASE-vma_ver_release
diff --git a/journal.txt b/journal.txt
index 6875e6c30..cbec42498 100644
--- a/journal.txt
+++ b/journal.txt
@@ -1,3 +1,14 @@
+Version 8.4.7-0:
+Date + Time 2017-10-08
+=============================================================
+Added:
+        - RM #1151343 Update MP RQ dropped packet statistics in case of bad CSUM
+        - RM #1150137 Remove VMA_THROW from functions signature
+Fixed:
+        - RM #1150011 Fix ioctl() FIONREAD return value
+        - RM #1154650 Fix IP fragmentation threshold
+        - RM #1152517 Fix flags order to compile VMA with O3
+
 Version 8.4.6-0:
 Date + Time 2017-09-27
 =============================================================