diff --git a/README.md b/README.md
index 627a2d9..bbce03f 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # IMS Global Learning Consortium, Inc.
 
-# Caliper Analytics® Ontology, version 1.1
+# Caliper Analytics® Ontology, version 1.1.1
 
 ## IPR and Distribution Notice
 Recipients of this ontology are requested to submit, with their comments, notification of any relevant patent claims or other intellectual property rights of which they may be aware that might be infringed by any implementation of the specification set forth in this document, and to provide supporting documentation.
@@ -32,7 +32,7 @@ The Caliper ontology is available in three flavors: [JSON-LD](./caliper-jsonld.o
 * __develop__: unstable development branch.  Current work that targets a future release is merged to this branch.
 
 ## Tags
-Caliper ontology releases are tagged and versioned MAJOR.MINOR.PATCH\[-label\] (e.g., 1.1.0).  Pre-release tags are identified with an extensions label (e.g., "1.2.0-RC01").  The tags are stored in this repository.
+Caliper ontology releases are tagged and versioned MAJOR.MINOR.PATCH\[-label\] (e.g., 1.1.1).  Pre-release tags are identified with an extensions label (e.g., "1.2.0-RC01").  The tags are stored in this repository.
 
 ©2018 IMS Global Learning Consortium, Inc. All Rights Reserved.
 Trademark Information - http://www.imsglobal.org/copyright.html
\ No newline at end of file