diff --git a/cmake/macros.cmake b/cmake/macros.cmake
index d31b90dca..4b26d9beb 100644
--- a/cmake/macros.cmake
+++ b/cmake/macros.cmake
@@ -9,10 +9,10 @@ macro(set_maxscale_version)
 
   # MaxScale version number
   set(MAXSCALE_VERSION_MAJOR "1" CACHE STRING "Major version")
-  set(MAXSCALE_VERSION_MINOR "3" CACHE STRING "Minor version")
+  set(MAXSCALE_VERSION_MINOR "4" CACHE STRING "Minor version")
   set(MAXSCALE_VERSION_PATCH "0" CACHE STRING "Patch version")
   set(MAXSCALE_VERSION_NUMERIC "${MAXSCALE_VERSION_MAJOR}.${MAXSCALE_VERSION_MINOR}.${MAXSCALE_VERSION_PATCH}")
-  set(MAXSCALE_VERSION "${MAXSCALE_VERSION_MAJOR}.${MAXSCALE_VERSION_MINOR}.${MAXSCALE_VERSION_PATCH}")
+  set(MAXSCALE_VERSION "beta-${MAXSCALE_VERSION_MAJOR}.${MAXSCALE_VERSION_MINOR}.${MAXSCALE_VERSION_PATCH}")
 
   # This should be incremented each time a package is rebuilt
   set(MAXSCALE_BUILD_NUMBER 1 CACHE STRING "Release number")