diff --git a/NEWS b/NEWS
index ab200f4d11694abc0d52a7c2294f4ebbd7a9ec2f..90a0a7c43f216654163efedbe0663c30e7989893 100644
--- a/NEWS
+++ b/NEWS
@@ -2,6 +2,20 @@ News
 ====
 
 
+Version 2.7.1
+-------------
+
+*(Released Thu, 25 Jul 2013)*
+
+- Add logrotate functionality in daemon-util
+- Add logrotate example file
+- Add missing fields to network queries over rapi
+- Fix network object timestamps
+- Add support for querying network timestamps
+- Fix a typo in the example crontab
+- Fix a documentation typo
+
+
 Version 2.7.0
 -------------
 
diff --git a/configure.ac b/configure.ac
index 28c54bc49070663dee6430a2b90646ba35f9761f..0131e055f3bdb1466760ddb4cb15b70a8376a419 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,7 +1,7 @@
 # Configure script for Ganeti
 m4_define([gnt_version_major], [2])
 m4_define([gnt_version_minor], [7])
-m4_define([gnt_version_revision], [0])
+m4_define([gnt_version_revision], [1])
 m4_define([gnt_version_suffix], [])
 m4_define([gnt_version_full],
           m4_format([%d.%d.%d%s],