diff --git a/CMakeLists.txt b/CMakeLists.txt
index 2b3210f..2e87311 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -6,7 +6,7 @@ include(GNUInstallDirs)
 project(cJSON C)
 
 set(PROJECT_VERSION_MAJOR 1)
-set(PROJECT_VERSION_MINOR 1)
+set(PROJECT_VERSION_MINOR 2)
 set(PROJECT_VERSION_PATCH 0)
 set(CJSON_VERSION_SO 1)
 set(CJSON_UTILS_VERSION_SO 1)
diff --git a/Makefile b/Makefile
index d9ab657..e58b4b6 100644
--- a/Makefile
+++ b/Makefile
@@ -10,7 +10,7 @@ UTILS_TEST_SRC = cJSON.c cJSON_Utils.c test_utils.c
 
 LDLIBS = -lm
 
-LIBVERSION = 1.1.0
+LIBVERSION = 1.2.0
 CJSON_SOVERSION = 1
 UTILS_SOVERSION = 1