diff --git a/src/statsderl.app.src b/src/statsderl.app.src
index fb5d00d..33dc9ce 100644
--- a/src/statsderl.app.src
+++ b/src/statsderl.app.src
@@ -1,6 +1,6 @@
 {application, statsderl, [
   {description, "statsd client"},
-  {vsn, "0.4.8"},
+  {vsn, "0.5.0"},
   {registered, []},
   {applications, [
     kernel,